chieffan9,
Though this subject must be getting old for you, I am still confused. I have read some places that a person would get the full $10,000 back on their taxes plus whatever they were entitled to in the first place.
Other places, including the web site
http://www.bankrate.com/brm/itax/Edi...s/basic_1a.asp
state that you cannot get money back, only credit. If this is true, it would only make sense that beginning the year expected for the adoption to be finalized, one would lower their weekly deductions so they owe money at the end of the year. They would not get any money back, but they in essence would not be paying any taxes all year, and until the full $10,000 is used- or five years, whichever comes first.
Please let me know, becasue we are anticipating our adoption to be finalized next year sometime. As of now we are planning on changing our deductions as of January 1, 2003 so we get way less taken out of our checks each week so we can owe a ton of money the following April 15, 2004.
Thank you,
Paul