Adoption tax credits/special needs tax credits

Posted on: April 20th 2011

Adoption tax credits allow qualifying families to claim tax credits for adoption expenses, whether or not the adoption was successful, and if your child meets the state’s definition of “special needs child,” you may be eligible for additional credits. If you are a same sex family, each of you should be able to take the tax credit, just don’t use the same items for costs. For details call the IRS at 800-829-1040 (www.IRS.gov) or consult with your tax specialist. You can obtain current adoption tax credit information by visiting www.adoptiontaxcredit.com. Other web sites with helpful info: “Understanding the Adoption Tax Credit” at www.adoptionlearningpartners.org and www.nacac.org/taxcredit/taxcredit.html.