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taxes > tax credits > adoption tax credit Adoption Tax CreditYou are eligible to claim a portion of your adoption expenses as a tax credit if you adopted a child in 2005 or 2006. Make claiming tax credits easierDo your taxes online, for free: Adoption tax credit: the basicsThis nonrefundable tax credit is available to taxpayers who adopted in 2005 or 2006. How the adoption tax credit worksYou claim a portion of your adoption expenses as a tax credit. The amount is phased out if your income exceeds $150,000. Sidebar Claiming the adoption tax creditFill out IRS Tax Form 8839, and include it with your return. If you e-file, this form is automatically filled out and submitted to the IRS. Related adoption tax credit publicationsIf you do not e-file you need to attach Form 8839 with your paper return. E-file and save time! Note: you will need an Adobe Acrobat Reader to view these publications, which you can get here. (But you probably already have it.)
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Taxes Earned income credit Child tax credit Child care credit Adoption tax credit Elderly & disabled Educational credits Claiming ed. credit Site Info: |
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Read this disclaimer: This internet site provides information of a general nature for educational purposes only and is not intended to be legal or tax advice. We make no guarantees as to the validity of the information presented. Your particular facts and circumstances, and changes in the law, must be considered when applying U.S. tax law. You should always consult with a competent tax professional licensed in your state with respect to your particular situation.