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I started the adoption process in 2019 and finalized in 2020. Why can't I get the adoption credit this year?

Forum|Forum|5 years ago
January 28, 2021
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Best answer by MayaD

The credit is nonrefundable, which means it's limited to your tax liability for the year. However, any credit in excess of your tax liability may be carried forward for up to five years.

For more information please check Adoption Credit

M

MayaDAnswer

The credit is nonrefundable, which means it's limited to your tax liability for the year. However, any credit in excess of your tax liability may be carried forward for up to five years.

For more information please check Adoption Credit

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