Creating A Family: Talk About Infertility, Adoption & Foster Care

Click here to send us a topic idea or question for Weekend Wisdom.Are you planning on claiming the Adoption Tax Credit when you file your taxes this year? If so, this is the podcast for you! We talk with two of the top experts in the US on the Adoption Tax Credit: Becky Wilmoth, an Enrolled Agent and Adoption Tax Credit Specialist with Bill’s Tax Service, and Josh Kroll, the Adoption Subsidy Resource Center coordinator at the North American Council on Adoptable Children (NACAC).In this episode, we cover:What is the Adoption Tax Credit for adoption being claimed on 2022 federal taxes?How to advocate for refundability?What is a “credit” and how does it differ from a deduction or some other form of tax savings?If you get a tax refund every year, how would you use the Adoption Tax Credit?If you don’t have any federal tax liability, should you still apply the credit to your federal income taxes?What types of adoptions are included or excluded? Stepparent adoption? Embryo adoption? Same-sex partner second-parent ad