Family Forums
Parenting Forums
Pregnancy Forums
Adoption Forums
Fertility Forums






Members List Photos Events Local Adoption Support Search Arcade Reviews Membership Upgrade
Welcome to the Forums. Register
If this is your first visit, be sure to check out the FAQ. You may have to register before you can post or search: click here to proceed. To start viewing messages, select a forum below that you would like to view or click View All of Todays Posts.
Forum Categories
User Name
Password

Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 08-15-2005, 11:13 AM
azamboni's Avatar
azamboni azamboni is offline
Senior Member
Join Date: Feb 2005
Posts: 479
Total Points: 10,267.70
Donate
Question about MD adoption tax credit/subtraction

Hi everyone!

I'm so glad to find this forum! We live in White Marsh, and are in the process of adoption from Guatemala. Our homestudy is almost complete, and we have almost finished gathering our dossier documents!

I just had a question about the Maryland adoption tax benefits. I spoke with someone (not sure where) from some Maryland tax office today, and they said something to the effect that we would be eligible for up to $5000 in incurred adoption expenses for a non-special-needs child. Can anyone tell me if that is accurate, and if so, how does it work? She gave me a form number, line number, and code, so I guess we can look that up on our tax software, but I thought you all might have some personal experience with this.

Thanks, and I look forward to getting to know all of you!

Karon
Reply With Quote
  #2  
Old 08-16-2005, 10:37 AM
mlbsands's Avatar
mlbsands mlbsands is offline
Senior Member
Join Date: Aug 2003
Posts: 584
Total Points: 4,429.19
Donate
Welcome to the world of adoption.. There is a federal tax credit (just over $10,100) that you will be able to take.. and Marylad also has a tax credit but I don;t recall it being as much as $5000, but I did not pay that much attention.

We did a domestic adoption, but I think for international you will have to wait for the year that you bring the child home to qualify for this credit.

Hope that helps.

Mandy
Reply With Quote
Click Here to Get Started
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Points Per Thread View: 1.00
Points Per Thread: 15.00
Points Per Reply: 5.00


All times are GMT -7. The time now is 05:27 AM.