Adopting a child can be a stressful, drawn-out process—but if it ends with a new family member, all of the hassle is definitely worth it. Adoption can also be expensive. Did you know that the IRS makes some tax benefits available to adoptive parents? There’s a tax credit for qualified expenses related to adoption, which can lower your tax liability dollar for dollar. Additionally, you can deduct medical expenses for an adopted child from before the child was placed in your home, if you paid those bills and were not reimbursed by the adoption agency.
Taxation Solutions, Inc. is standing by to make sure you can take advantage of every deduction and credit for which you’re eligible. That includes adoption-related expenses. We’re the Mesa area’s best bet for tax help that’s backed by years of experience and training, and we’re known for putting our clients’ needs first.
Call or e-mail us now to get answers to your questions. With our expert tax assistance, you’ll be able to keep your focus where it needs to be: on your new child and your growing family.