Considering adoption or recently finalized one? There may be valuable tax benefits available to help offset the costs.

You can now deduct up to $10,000 in interest paid on a loan used to purchase a qualified personal-use vehicle.

Effective for tax years 2025–2028, qualified tips earned by individuals may be claimed as a federal income tax deduction of up to $25,000. Tips include money received from customers in cash, by credit card, or through a tip-sharing arrangement—provided they are given voluntarily.