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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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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.
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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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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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DianeS
How funny! This question was mine, I posted it 6 years ago! I've learned a lot since then.
I about fell off my stool when I saw this thread and your name! Before I saw the date. You have definetly learned a lot since then! :)
And now the thread is back once again!
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