Who claims the federal adoption tax credit? Those who know about it
Document Type
Article
Publication Date
2024
Publication Title
The American Journal of Economics and Sociology
Abstract
This research investigates which individuals are aware of and claim the federal adoption tax credit. Using a probit model, I find that the probability that one claims the credit increases with one's income and is lower for Black adoptive parents compared to White ones. These discrepancies in usage stem from different probabilities of knowing about the credit. However, conditional on awareness, I find that the probability of claiming the credit is no different among members of differing income or racial groups, implying that a direct way to increase take-up of the tax credit could simply be increasing awareness of it.
Department
Economics and Finance
Volume Number
83
Issue Number
3
DOI
https://doi.org/10.1111/ajes.12564
Recommended Citation
Wallace, Cullen T., "Who claims the federal adoption tax credit? Those who know about it" (2024). Economics and Finance Faculty Scholarship. 37.
https://kb.gcsu.edu/def_faculty/37