Tax credit for adoption from foster care?

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Thread: Tax credit for adoption from foster care?

June 2, 2010

sanschu

I had two children placed with me in 2009 who ultimately went back to their mother. The county had placed them with us as a adoption placement. We spent thousands of dollars on tutoring, clothing, and daycare.

Would this constitute a failed adoption? and are these types of expenses applicable to the tax credit?

If there was paperwork saying that the children were placed with you as an adoptive family, then yes this counts as a failed adoption.

However, the expenses you listed do not qualify for the adoption tax credit. They are child-rearing expenses, not adoption expenses. Adoption expenses would include the cost of the homestudy, fingerprints, mandatory class fees, things like that.

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