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Old 01-27-2003, 12:22 PM
DianeS DianeS is offline
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alpacamom--the credit is per *child* --a sibling group of 3 that falls under your state's definition of a special needs placement will give the adoptive parents a tax credit of $30,000. If I can find the site I got that from I'll post it for you, but the basis of that is each *child* in a sibling group counts as a special needs child because of the siblings that child must be adopted with, hence, each gets their own tax credit.

Robinvenner-- your tax credit is limited to $20, because you finalized in 2002 and that is all you claim you spent. In 2002 the parents of all adopted children are allowed to only claim what was spent. (Starting in 2003, finalization in that year of a special needs child will give the adoptive parents the right to claim a flat $10,000--so remember that if you adopt again, but it doesn't help you this time.).

Deanstayton--in a nutshell, your Tax Cut software is wrong. You can NOT receive more money from the IRS than the amount they said you owed in the first place. That would be a *reimbursement* of adoption expenses, and they aren't nice enough to do that. You should get your whole $3,000 tax bill returned to you (or not collected, depending on how you handle your paycheck withholding), and you have $7,000 you can claim next year.

Congrats on your adoptions, everybody!
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