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adoption tax credit
Since you would be adopting from a relative you probably only need to pay for a homestudy and the lawyer fees to legalize the adoption. Much less expensive than an agency adoption. probaly $4k all told.
I realize $4kcan still seem like a lot of money to come up with though. Did you know you can get a tax credit (upt to $10k) for qualified adoption expenses once adoption is finalized? Can refinance or do you have family willing to spot you the money short term until you can get the tax refund?
Good luck to both you and your neice!
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Sarah
Proud aparents of Vaden Chase
Born 6/23/04 7 lbs 9 oz
Vaden was his bmoms choice, Chase was ours.
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