adoption tax credit

Close-up image of an adoption request form with a pencil placed diagonally across the top, hinting at the financial benefits and processes involved, including the adoption tax credit.

Tax Tips: 10 Things to Know About the Adoption Tax Credit

In a previous article I explained one of the most important personal tax credits offered to U.S. taxpayers, the adoption tax credit. If you’ve recently adopted a child, you may be eligible for an healthy tax savings, courtesy of the federal government. That’s because Uncle Sam recognizes that adopting a child serves the public good. […]

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IRS Audit

Shocking Tax Fact: Claim This One Tax Credit and The IRS Will Almost Certainly Audit You

Most Americans dread the prospect of being audited by the IRS. But the truth is that IRS audits actually happen very rarely. According to IRS data, only about 1% of the nation’s 150 million taxpayers get audited annually. So the odds are pretty good that you won’t face an IRS audit in any given year. But those

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