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The Adoption Tax Credit is a credit, not a deduction. It is subtracted from your tax liability, not from your income. If in the year you adopt the Adoption Tax Credit reduces your tax liability all the way to zero without using up the entire Adoption Tax Credit, you can carry over the remainder of the Adoption Tax Credit for up to 5 years.
No clue about the grants and loans, though, hope somebody else chimes in about those.
Good luck!
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