d_squared431 0 #1 January 28, 2011 YOU GET IT ALL BACK THIS YR!!! The law has changed in our favor..Doing the deedy happy dance......doing the deedy happy dance.....doing the deedy happy dance.... We get it all back this year!! Doing the deedy happy dance......doing the deedy happy dance.....doing the deedy happy dance.... Gonna drink a few beers tonight!!! TPM Sister#130ONTIG#1 I love vodka.I love vodka cause it rhymes with Tuaca~LisaH You having a clean thought is like billyvance having a clean post.iluvtofly Quote Share this post Link to post Share on other sites
Coreece 190 #2 January 28, 2011 Sweet!I'm happy for you. Do you have a link? I'm wondering if it includes adoptive step parents... Your secrets are the true reflection of who you really are... Quote Share this post Link to post Share on other sites
JohnMitchell 14 #3 January 28, 2011 Interesting. I had no idea that existed. Now, that's just for initial adoption expenses, right? So unless you're adopting a child this year or have carryover from previous years, it won't do that much for you, will it? I see if you travel to China to adopt a kid, the trip is tax deductible. That's cool. Now, if I could just get a tax credit for my kids' college tuitions. Quote Share this post Link to post Share on other sites
skymama 35 #4 January 28, 2011 Yay, Deedy's buying!! She is Da Man, and you better not mess with Da Man, because she will lay some keepdown on you faster than, well, really fast. ~Billvon Quote Share this post Link to post Share on other sites
d_squared431 0 #5 January 28, 2011 Quote Sweet!I'm happy for you. Do you have a link? I'm wondering if it includes adoptive step parents... I just went to do my taxes and was told there was a problem with the amount listed as my refund. It was too large. I was then told i had to wait till monday to file so my tax lady could to review the adoption laws. I just received the call saying that the law did change and I get the full remaining credit left. Lets just say it is a large amount.. http://taxes.about.com/od/deductionscredits/qt/adoptioncredit.htm Adoption Credit for 2010 and 2011 The adoption credit was scheduled to sunset at the end of 2010. However, the massive health care reform legislation extended and revised the adoption tax credit. The health care legislation enhanced the adoption tax credit in three ways. First, it bumped the maximum adoption credit from $12,150 to $13,170. Second, it extended this increased tax credit amount to the year 2011. Third, it made the adoption credit refundable. another link added with a bit more infor http://taxes.about.com/b/2010/10/04/enhanced-adoption-credit-for-2010.htmTPM Sister#130ONTIG#1 I love vodka.I love vodka cause it rhymes with Tuaca~LisaH You having a clean thought is like billyvance having a clean post.iluvtofly Quote Share this post Link to post Share on other sites
d_squared431 0 #6 January 28, 2011 Quote Yay, Deedy's buying!! I will buy you a few jumos and bottles of wine..But all those other fockers would bankrupt me...wait maybe it is the other way around...TPM Sister#130ONTIG#1 I love vodka.I love vodka cause it rhymes with Tuaca~LisaH You having a clean thought is like billyvance having a clean post.iluvtofly Quote Share this post Link to post Share on other sites
Cheach 0 #7 January 28, 2011 Quote Quote Yay, Deedy's buying!! I will buy you a few jumos and bottles of wine..But all those other fockers would bankrupt me...wait maybe it is the other way around... Yay!! Deedy's buying me a plane ticket to come see her. I woke up next to a blowup doll Ash....so what do you think? Quote Share this post Link to post Share on other sites
d_squared431 0 #8 January 28, 2011 Quote Quote Quote Yay, Deedy's buying!! I will buy you a few jumos and bottles of wine..But all those other fockers would bankrupt me...wait maybe it is the other way around... Yay!! Deedy's buying me a plane ticket to come see her. Okay, but you are buying drinks....TPM Sister#130ONTIG#1 I love vodka.I love vodka cause it rhymes with Tuaca~LisaH You having a clean thought is like billyvance having a clean post.iluvtofly Quote Share this post Link to post Share on other sites
peregrinerose 0 #9 January 28, 2011 Quote Interesting. I had no idea that existed. Now, that's just for initial adoption expenses, right? So unless you're adopting a child this year or have carryover from previous years, it won't do that much for you, will it? I see if you travel to China to adopt a kid, the trip is tax deductible. That's cool. Now, if I could just get a tax credit for my kids' college tuitions. No... this isn't entirely true. If you adopt a baby from China, for example, you may spend $40,000 in expenses. To qualify for the credit, you need to document all of your expenses... travel, legal fees, agency fees, food, etc. If you adopt a child considered 'special needs', meaning an older child (generally older than 5), a child with emotional, behavioral, or physical issues, or a sibling group, you don't need to document any expendatures at all, you just get the full tax credit. For example, our son was a total of about $3000 for legal fees, training, clearances, etc, but I got the full tax credit without having to document anything. That is the policy in order to help increase adoptions from foster care. Do or do not, there is no try -Yoda Quote Share this post Link to post Share on other sites
Andy9o8 0 #10 January 28, 2011 Quoteif I could just get a tax credit for my kids' college tuitions. http://www.collegeboard.com/parents/pay/scholarships-aid/21418.html http://www.irs.gov/taxtopics/tc457.html Quote Share this post Link to post Share on other sites
JohnMitchell 14 #11 January 28, 2011 Thanks, I'll talk to my accountant about it all. I've asked before and not gotten anything. Quote Share this post Link to post Share on other sites
