If you’re one of the more than 50,000 taxpayers who claimed a prior-year carryforward of the adoption tax credit, you may receive a refund by the end of 2026. For tax year 2025, adoption tax credit carryforwards from tax years 2020 through 2024 can increase the refundable amount of the credit (limited to $5,000 per qualifying child). The IRS will send you a notice within 30 days of any adjustment that explains whether it resulted in a refund or was applied toward a tax or nontax debt. Be sure to review and retain the notice. You don’t need to file an amended return to receive this credit. Contact us with any questions.
