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Hello, I hope you are doing well. My wife and I are in the process of adopting a child. We are in the waiting stage right now and do not have a child's name yet. We have adoption expenses from 2022 and 2023 that we would like to claim using the adoption tax credit because (from my understanding) this is the only year to…
Are adoption expenses tax deductible? Note that in this case the adoption has not been finalized and the expenses so far have been working with adoption agency so their fees. 1. My question is what part of the expenses will be tax deductible? 2. Given adoption process could take years, when can the eligible expenses be…
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