Lots of readers have been searching for information about the increase in the Federal Adoption Tax Credit for families finalizing adoptions in 2007.
You’ll find a whole series of articles at www.laurachristianson.com on:
- The Federal Adoption Tax Credit
- How to Finance Your Adoption
- How Much the Average Adoption Costs
- Workplace Adoption Benefits
- …and much, much more!
If you need a good book about adoption, check out my Exploring Adoption Bookstore for recommendations.
{ 2 comments… read them below or add one }
Actually I have more of a question than a comment. Regarding the tax credit…If hypothetically, my family only pays $5000 in a year for taxes, does that mean we would only get $5000 worth or tax credit or does it carry over from year to year until we reach the $11,390 mark?
According to The federal “Hope for Children’s Act” yes, the credit can be applied against tax liability over 6 years or whenever expenses reach the $11,650 (2008) cap, whichever comes first. Bush administration did something right for a change…