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2003 Tax Credit
Originally Posted By Ed West
I just found this info:
"By the tax year 2003, the credit will function as a flat
tax credit. Every adoptive
parent or couple who finalizes the
adoption of a child with special needs
and earns less than $150,000 can claim
the full credit without documenting
that they incurred a specific level of
qualified expense."
Does this mean that even if my adoption expenses are paid by the state or agency I can take this tax credit simply by adopting a special needs child?
Thanks,
Ed
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