If you're adopting or even considering it, this episode is a must-listen. Heather and Kim break down the latest updates to the federal Adoption Tax Credit, including the new 2025 limit of $17,280, partial refundability, and expanded access for families with lower or moderate incomes.
We explain what the credit is, how it works, and what makes the changes in the “Big Beautiful Bill” so impactful. You’ll also learn how the special needs exception can benefit families, how tribal governments now play a role, and what to keep in mind when tracking expenses or working with a tax professional.
Whether you’re adopting privately, through foster care, or with the help of an employer benefit, this practical episode will help you understand how to take advantage of the financial help that’s available.
Resources Mentioned:
IRS Adoption Credit Information
Dave Thomas Foundation: Adoption-Friendly Workplace Toolkit