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I read a very confusing link to the IRS about the adoption tax credit. We had a child placed in 1999 and finalized in 2000 so claimed the expenses in 2001. At the time the credit was only $5000 but we had just under $10,000 in qualifying expenses. Can we now go back and claim the rest or are we SOL?
lisa
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No.
$5,000 was available in the year you had to claim your adoption expenses, and future changes to the law have nothing to do with those expenses and reimbursements. But look at it this way--if the available credit had gone *down* instead of up, they couldn't have taken the money away from you, either.
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