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IAG 030: Adoption tax credit update

with adoption tax credit specialist Becky Wilmoth

 

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The adoption tax credit.

It’s a huge financial tool for hopeful adoptive parents to use. Something that can help offset the large cost of domestic infant adoption.

The credit has changed over the years – and may change again in the future. There are a lot of rules that go with it, which makes it hard to understand.

It’s tax time again – so we wanted to bring in an expert to explain the credit.

Becky Wilmoth is our guest on this episode and she will break down the adoption tax credit so you can understand it and take advantage of it. She is an adoptive mom, an Enrolled Agent, and adoption tax specialist at BillsTaxService.com, so this is a very personal issue for her.

Becky has a passion for helping hopeful adoptive families understand and get the adoption tax credit. Many of us feel like we can’t start the adoption process because we aren’t sure how to find the funds we need.

This episode will explain what you need to know about the adoption tax credit.

What you will learn about in this episode:

  • Becky explains the federal adoption tax credit.
  • How the credit can help you – and how to claim the credit for your domestic adoption even before you have a match, placement, or finalization.
  • What are “qualifying expenses” for the adoption tax credit.
  • The most important thing you need to know about the credit.
  • How you can contact Becky to get help with your taxes!
  • AND MUCH MORE!

Links we talk about in this episode:

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It's free!
100% privacy guaranteed - no messin' around!