On October 22, 2024, the Internal Revenue Service (“IRS”) issued Revenue Procedure 2024-40 (“Procedure”), wherein it announced the Adoption Tax Credit and Adoption Assistance Programs, which are set to take effect in 2025. KingSpry’s Adoption and ART Practice Chair and Family Law Attorney, Dorota Gasienica-Kozak, Esq., reviews the Procedure and highlights its key provisions regarding the … [Read more...] about The IRS Announces Updated Adoption Tax Credit Provisions
Adoption Tax Credit
Pennsylvania Senator Bob Casey Proposes Adoption Tax Credit Refundability Act
Last September, Senator Robert P. Casey, Jr. (PA) and Kevin Cramer (ND) introduced the Adoption Tax Credit Refundability Act (the “Act”) to the United States Senate, and Representative Danny K. Davis (IL) introduced the Act to the United States House of Representatives. In this issue of KingSpry’s heARTbeat blog, Adoption and ART Practice Chair, Dorota Gasienica-Kozak, … [Read more...] about Pennsylvania Senator Bob Casey Proposes Adoption Tax Credit Refundability Act