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Adoption Credit

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Adoption Credit
A per-child Tax credit for adopting a child under 18.
    
The Limit is higher if it's determined that the adopted child has special needs. The credit is nonrefundable, thus, it can only decrease a taxpayers Tax liability to zero. However, if the credit amount exceeds a taxpayer's total Tax liability, the amount may be carried Forward for up to 5 years.
    
Qualified expenses include, adoption fees, court costs, attorney fees, traveling expenses (including amounts spent for meals and lodging while away from home), and other expenses directly related to and for which the principal purpose is the legal adoption of an eligible child.
Posted by  Terrapinn Holdings Limited
 
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