Tax Credits Archives | Hutchinson and Bloodgood LLP

Tax Credits

Adoption tax credits: Easing the financial journey of parenthood

Hand, wooden disc, red family illustration, adoption, tax, breaks, light blue background.

December 18, 2024

There are two tax breaks that help eligible parents offset the expenses of adopting a child. In 2025, adoptive parents may be able to claim a credit against their federal tax for up to $17,280 of “qualified adoption expenses” for each child. This is up from $16,810 in 2024. A tax credit is a dollar-for-dollar […]

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Tax Credits

Pocket a tax break for making energy-efficient home improvements

Laptop on a white desk. Screen has an illustration of a green colored house woyth a plant growing from the chimney and various colored bars to the right ranging from green to orange

August 2, 2023

H&B

An estimated 190 million Americans have recently been under heat advisory alerts, according to the National Weather Service. That may have spurred you to think about making your home more energy efficient — and there’s a cool tax break that may apply. Thanks to the Inflation Reduction Act of 2022, you may be able to […]

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