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2022 Adoption Tax Credit ? If you adopt a child in 2022, the credit maximum amount will be $14,890 with an AGI phaseout threshold of $223,410 to $263,410. 2020 Adoption Tax Credit ? for the past tax year 2020, the maximum adoption credit was $14,300 per child with a phaseout range of $214,520 ? $254,520.
College tuition waivers are available for children placed for adoption by DHS or Oklahoma tribal custody if the children were in foster care for nine months between the ages of 16 and 18.
Reimbursement rates for foster care are based on a per-day rate, and are subject to change, and vary based on specific child needs. Traditional Foster Care rates are as follows: Age 0 to 5: $17.72. Age 6 to 12: $20.42.
Monthly Adoption Assistance Payments Age (years)Monthly Rate (range)Birth to 5$0 ? $531.606 to 12$0 ? $612.6013 and older$0 ? $678.60
Adoption assistance benefits may include Medicaid Medical coverage, a monthly assistance payment, child care, reimbursement of non-recurring adoption expenses, or any combination thereof. Children eligible for Title IV-E assistance are also eligible for available Title XX services. (1) Medicaid.