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Adoption Tax Credit


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  #1  
September 1st, 2010, 08:28 AM
Mega Super Mommy
Join Date: Apr 2008
Posts: 3,699
I know the federal adoption tax credit is set to expire at the end of 2010. Anyone know if it is going to be renewed? ( I doubt it, since the current administration is not big on tax cuts, but we can always hope)
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  #2  
September 1st, 2010, 06:08 PM
Platinum Supermommy
Join Date: Oct 2008
Location: Minnesota
Posts: 8,103
Actually, our tax guy told us this last year when we were doing our taxes that it was extended through 2012....

I sure hope he was right!

I found this!

Adoption Tax Credit Extended Until 2011 Adoption Update
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  #3  
September 1st, 2010, 09:32 PM
Jessie0505's Avatar Finally a Mommy!
Join Date: Oct 2008
Location: Japan
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do we still qualify if its a foster care adoption?
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  #4  
September 2nd, 2010, 06:05 AM
SuperMartianRobotMom6's Avatar Proud Mama & Happy Wife
Join Date: Dec 2009
Location: New York
Posts: 3,708
Its been extended, with plans to keep extending it. (Thats what my tax guy said!)
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  #5  
September 2nd, 2010, 02:35 PM
SarahBethsMommy's Avatar Mega Super Mommy
Join Date: Nov 2007
Posts: 4,847
Quote:
Originally Posted by Jessie0505 View Post
do we still qualify if its a foster care adoption?
Yes. I believe so. We've talked about it with our CPA. Of course, you can't get it until the adoption is final, so we are still waiting... LOL.
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  #6  
September 2nd, 2010, 06:34 PM
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Yep, you can most certainly still apply after foster to adopt....
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  #7  
September 3rd, 2010, 10:22 PM
Jessie0505's Avatar Finally a Mommy!
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YAY!! Thanks!! I sure hope we get some little ones soon!!
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