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-   -   Adoption Tax Credit (https://www.justmommies.com/forums/f84-adoption/2090795-adoption-tax-credit.html)

wishfulgal September 1st, 2010 09:28 AM

Adoption Tax Credit
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:rolleyes:, but we can always hope) :)

Kari_B September 1st, 2010 07:08 PM

Re: Adoption Tax Credit
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

Jessie0505 September 1st, 2010 10:32 PM

Re: Adoption Tax Credit
do we still qualify if its a foster care adoption?

SuperMartianRobotMom6 September 2nd, 2010 07:05 AM

Re: Adoption Tax Credit
Its been extended, with plans to keep extending it. (Thats what my tax guy said!)

SarahBethsMommy September 2nd, 2010 03:35 PM

Re: Adoption Tax Credit

Originally Posted by Jessie0505 (Post 21387951)
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.

Kari_B September 2nd, 2010 07:34 PM

Re: Adoption Tax Credit
Yep, you can most certainly still apply after foster to adopt.... :cheer:

Jessie0505 September 3rd, 2010 11:22 PM

Re: Adoption Tax Credit
YAY!! Thanks!! :) I sure hope we get some little ones soon!!

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