You may have seen the US Supreme Court upheld “Obamacare”. What you may not know is what this does to the adoption tax credit.
In the overhaul, Congress boosted the $12,150 federal adoption tax credit by $1,000 starting this tax year. It also is refundable, meaning you’ll get the credit whether you owe taxes or not.
Good news for families wanting to adopt that may have been stymied by the cost.