Families that adopt eligible to receive a credit this tax season
Families who adopted on or after July 1, 2022 are eligible for a refundable tax credit alongside their 2023 tax return.
The Montana Adoption Tax Credit addresses both private adoption and adoptions through foster care. It awards families adopting through private organizations a credit of $5,000 and those who adopt through the state’s foster care system $7,500. Both are one-time credits.
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