The Price of Parenthood: What It Takes to Adopt
NerdWallet's Smart Money Podcast
00:00
Tips for LGBTQ Plus Parents
In 2023, families with a modified adjusted gross income below about $239,000 can claim the full credit. For foster care and international adoptions, they must be finalized before you're able to claim the adoption tax credit. It's really important that you speak with a qualified CPA to help you understand how much of the tax credit you may be able to utilize. Estate planning is especially important when you have a child because your estate plan will establish a guardian and ensure thatYour assets are ultimately distributed the way that you wish to their inheritors.
Transcript
Play full episode
