Adoption Update

The most up-to-date adoption news

Adoption Tax Credit Extended Until 2011

It is final! The adoption tax credit has been extended another year. It will sunset December 31, 2011. The maximum credit amount is now $13,170.00 for adoptions occurring after January 1, 2010. You can read the bills text on page 903 of 906 here.

Thanks to this blog as well as a fellow reader for bringing it to my attention.

Advertisements

March 26, 2010 - Posted by | Uncategorized | ,

7 Comments »

  1. Does this mean $13,170.00 per child? I am in the process of adopting four children at once from foster care.

    Comment by J Pake | August 20, 2010 | Reply

  2. Try looking at this link for your answers, J Pake: http://www.irs.gov/individuals/article/0,,id=231663,00.html

    Your state may also have programs for tax credits, esp. if your children meet special needs definitions. Go to your state’s website and search for “adoption”.

    Comment by Kersten | January 9, 2011 | Reply

  3. When will there be a vote/decision on 2012? When was the 2011 news announced?
    Thanks.

    Comment by MommaMel | January 13, 2011 | Reply

    • My wife and I are finalizing on our decision to adopt 3 orphans for the Ukraine this month of July 2011. With the home study and Ukraine process with focus to get everything done asap. if the adoption doesn’t complete by Dec 31 can I still take advantage in 2011 tax credit? How does it look to extend this credit into 2012? My Ukraine contact tells me that they need 2+ months on their side, trying to determine how much I have to push to get the paperwork completed in time to complete adoption before year end 2011. Appreciate any insights , thanks…

      Comment by Wil Vigil | June 15, 2011 | Reply

      • Congratulations on your new additions! How exciting and wonderful.

        It is my understanding that you cannot apply for the federal adoption tax refund until the adoption has finalized. Which means that if your adoptions have not been finalized in court by Dec. 31, 2011 than you cannot declare it on your 2011 taxes. I do not know how things are looking for 2012. Again, I am not a professional by any means, this is just my understanding.

        Comment by adoptionupdate | June 16, 2011

      • Congratulations on your new additions! How exciting and wonderful.

        It is my understanding that you cannot apply for the federal adoption tax refund until the adoption has finalized. Which means that if your adoptions have not been finalized in court by Dec. 31, 2011 than you cannot declare it on your 2011 taxes. I do not know how things are looking for 2012. Again, I am not a professional by any means, this is just my understanding.

        Comment by adoptionupdate | June 16, 2011

  4. Excellent article

    Comment by Gustavo A Viera | August 26, 2011 | Reply


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: