New York bill A01171 proposes a $10,000 tax deduction for adopting a child with special needs.

New York bill A01171 amends the tax law to introduce a deduction for the adoption of a child with special needs. The deduction amounts to $10,000 and can be used by taxpayers each year they are the legal parent of a child with special needs. A child with special needs is defined as someone under 21 with a physical, mental, or emotional condition or disability that significantly hinders adoption, as determined by the Office of Children and Family Services. The amendment takes effect immediately for tax years starting from January 1, 2025.

New York bill A01171 proposes a $10,000 tax deduction for adopting a child with special needs.

New York bill A01171 amends the tax law to introduce a deduction for the adoption of a child with special needs. The deduction amounts to $10,000 and can be used by taxpayers each year they are the legal parent of a child with special needs. A child with special needs is defined as someone under 21 with a physical, mental, or emotional condition or disability that significantly hinders adoption, as determined by the Office of Children and Family Services. The amendment takes effect immediately for tax years starting from January 1, 2025.