As it stands now, the Adoption Tax Credit is set to end for all adoptions, other than those involving a child with special needs, at the end of this year.  Many organizations are lobbying in favor of its extension, but … Continue reading →

On December 31, 2012 they are going to terminate the adoption tax credit that so many adoptive families rely on to help out with the tremendous cost of adoption. A special needs credit will still be available but even that … Continue reading →

An adoption tax credit is tax credit offered to adoptive parents to encourage adoption, Section 36C of the United States Internal Revenue code offers a credit for “qualified adoption expenses” paid or incurred by individual taxpayers.The credit is now refundable … Continue reading →

Federal Adoption Tax Credit—The IRS has released the 2011 form needed to claim the Federal Adoption Tax Credit, Form 8839. The IRS has also updated the instructions that accompany form 8839. Notably, the IRS has created a table (pg. 4 of the … Continue reading →

The federal adoption tax credit was made refundable for the first time! This means all families who finalize their adoptions can claim this tax credit even if they owe no taxes at all.  The credit per child in now $13,170 … Continue reading →