Missouri Atc 2023-2024 Form

Instructions and help about missouri atc form

[Music] Hi, I'm Richard from TurboTax. If you are in the process of adopting a child or even considering it, you should know that there is a federal tax credit that can save you money on your taxes. Some of the adoption expenses that qualify for the credit include court and attorney fees, traveling expenses, adoption agency fees and any other expenses directly related to legally adopting an eligible child. However, if your employer reimburses or pays you for any of the costs, you can't include that in your credit. This also applies to financial aid you receive from the government or other organizations. The total credit you can apply for is limited by your total income. It's also cumulative. In other words, if you are eligible to claim $5,000 in one year, you can only claim the remaining amount of the credit in future years. See the TurboTax article “New Addition: Adoption Tax Credits” for the current limits. The credit is nonrefundable, meaning that it’s limited to your total ta