Printable Missouri Form MO ATC Adoption Tax Credit

Instructions and help about Printable Missouri Form MO ATC Adoption Tax Credit

adopting a child can be a life-changing event both for the parents and for the child being adopted but it's often an expensive process with costs running into the thousands or even tens of thousands of dollars but the federal government offers a tax credit that can defray much or even all of the cost of an adoption I'm the tax geek and here is the adoption credit oversimplified [Music] under the adoption credit adoptive parents can take a dollar for dollar tax credit of up to fifteen thousand nine hundred fifty dollars in eligible expenses per child adopted eligible expenses can include adoption fees fees for attorneys and other professionals travel costs plus any other reasonable expenses associated with the adoption the adoption credit cannot be taken for costs related to intra-family adoptions or costs associated with any surrogacy arrangement for the adoptive parents to be able to claim an adoption credit the child must be under 18 years of age or any age and unable to physically o