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#1
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is credit "per adoption" or "per child adopted"?
I believe I understand the "usual" uses for the new adoption tax credit, but depending on the place I look, they either say "per adoption" or "per child". Our situation is that we will be adopting a sibling group--which is one ADOPTION but 2 or more CHILDREN. My assumption would mean this would allow us to take one $10,000 credit (sib groups are considered special needs).
But a few places make it sound like we could take the credit for each child involved in that adoption. I don't think that is true, but thought I'd check with people who might know. Anyone? |
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#2
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Tax Credit per child
Diane,
The tax credit of $10,000 is per child. It is confusing and not stated very clearly in most places but I did find a tax website that gave a specific example and I've also spoken with our adoption attorney.
__________________
Suzy Ecclesiastes 3, verses 1-9: There is a time for everything, and a season for every activity under heaven: a time to be born and a time to die, a time to plant and a time to uproot, a time to kill and a time to heal, a time to tear down and a time to build, a time to weep and a time to laugh, a time to mourn and a time to dance, a time to scatter stones and a time to gather them, a time to embrace and a time to refrain, a time to search and a time to give up, a time to keep and a time to throw away, a time to tear and a time to mend, a time to be silent and a time to speak, a time to love and a time to hate, a time for war and a time for peace. |
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#3
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It is per child. Even though you are adopting a sibling group, and the adoptions are done at the same time, it is more then one adoption. Each child has his or her own adoption, even when it is on one decree.
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#4
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per child - each of their adoptions is a separate thing.
__________________
Single Mom to 1 amazing, strong, intelligent 10 year old Fparent Certified in 2003 Adoption (of 10 year old) finalized 4/19/6 FS placed 6/25/7 (3 YO now) - TPR done on 1-31-9 (FS's 10 years old step brother was placed at the same time and returned to his own relatives in 5/08) Placements and respite for ages 2-16 |
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#5
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The credit is per child.
Sharon
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Sharon, age 64 Mom to Rebecca born 10/18/95 adopted 5/5/97 Xiamen (Fujian prov.), China |
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#6
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How funny! This question was mine, I posted it 6 years ago! I've learned a lot since then.
I wonder how old the oldest resurrected thread ever was? Hmmm... |
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