Adoptive parents often ask whether adoption assistance (adoption subsidy) payments are taxable. Many also wonder about claiming their child as a dependent and using the child tax credit. The North American Council on Adoptable Children (NACAC) reviewed related IRS publications and offer their interpretation of these issues in a Fact Sheet.

Download: Tax Issues Related to Adoption Assistance and Adoption

Please know that neither It Takes An `Ohana nor the North American Council on Adoptable Children are tax experts and that these opinions should not be considered legal or financial advice. You should consult your own tax advisor before filing.

Download this fact sheet by clicking on the PDF in the download box.

NACAC’s contact informtion is:

North American Council on Adoptable Children (NACAC)
970 Raymond Avenue, Suite 106
St. Paul, MN 55114
Phone: 651-644-3036
Fax: 651-644-9848
E-mail: info@nacac.org