Both employers and employees can receive tax benefits through employer-sponsored adoption assistance programs.(Adoption Assistance Programs)

Question

Quizplus · Accepted Answer

Employer-sponsored adoption assistance programs provide tax benefits to both the employer and the employee. Employers can receive a tax credit for providing adoption benefits to their employees, and employees can receive tax-free financial assistance for adoption expenses up to a certain limit.

Both Employers and Employees Can Receive Tax Benefits Through Employer-Sponsored