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Originally Posted By Dayna Tangermann

We are new to this and it's our understanding that the tax credit is refunded in total amount to you after you have adopted. So if we spend 12,000 for adoption expenses, with the tax credit of 10,000 we would only be putting out 2,000 in the long term????

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Originally Posted By Bob

Yes, provided you have $10,000 in qualified expenses incurred after 2002 and you total annual income is less than $150,000, you are correct.

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Originally Posted By Katherine Tsikitas

My husband and I are adopting 3 children from Guatemala and our adoption won't be finalized until early next year (May or June 2002). How does the tax credit affect us? Will we still receive a tax credit for our children and how much will it be per child? Also, if we are still paying our adoption expenses into 2002 can we claim them in 2003?