Tax credit for siblings??

hjelder · #1 11-25-2008, 10:21 PM

Does anyone know if you get two tax credits if you adopt two siblings? We want to adopt two internationally, and it would help a lot to subsidize the costs.

karla-k · #2 12-06-2008, 10:18 PM

yes, you get the tax credit for each child. you must show that you spent the $20,000 plus change, but in international that wouldn't be hard

also, you only get that much back from the IRS if you have that much in tax liability over the next 5 years.
if your tax liability over the next 5 years is only $12,000, you will only get that much...not the whole $20,000+.

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