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Old 11-05-2008, 06:22 AM
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Quote:
Originally Posted by karla-k
However, remember about the adoption tax credit. take into account that the IRS pays for $11,650 of any adoption finalized in 2008 (a tad more in 2009 probably)


Before counting on the adoption tax credit, do make sure you would be able to use it. Not everyone is able to utilize it. It depends on your tax liability. If you are already paying little or nothing in taxes, it will not be helpful to you. Also, it is currently scheduled to expire in 2010 or 2011 (I can't remember which) and will revert back down to $5000 unless it is renewed.
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