adoption tax credits

Definition of "adoption tax credits"
  1. A non-returnable tax reduction for adoptive parents who seek compensation for adoption costs under P.L. 104-188, applicable to federal taxes and some state taxes where similar laws exist
How to use "adoption tax credits" in a sentence
  1. The Smiths utilized adoption tax credits to offset the substantial costs of their daughter's adoption.
  2. Adoption tax credits have eased the financial burden of adoption for many families.
  3. In some states, adoption tax credits can also reduce state tax obligations in addition to federal taxes.
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