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Tax Rebate vs. Adoption Credit
Originally Posted By Kevin B
I filed my taxes for 2000 and could only apply $4552 of the $5000 adoption tax credit,and had to carry forward the remaining $448 because the tax credit reduced my tax to zero.
After I filed, Bush passed the $300/person $600/family tax rebate. Because the adoption tax credit reduced my tax liability to zero I paid no tax and get no rebate.
Should I amend my tax return to carry forward $600 more of the tax credit, so I end up being able to take advantage of the Bush $600 rebate this year and get $600 more in adoption tax credit to roll forward for future years?
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