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-   -   Adoption Tax Credit Extended! (http://www.diaperswappers.com/forum/showthread.php?t=1477263)

FindingMercy 01-02-2013 02:47 PM

Adoption Tax Credit Extended!
 
My DH looked into it (he's a tax attorney) and it will be extended!!! Yay!!!

It will be adjusted yearly for inflation, but the 2013 amount should be around $13,000.

:lostit:

FerventlyDreaming 01-02-2013 04:46 PM

Re: Adoption Tax Credit Extended!
 
Is it refundable? Is it true that if you are self employed you will not benefit?

shutterbugmom 01-02-2013 04:50 PM

Re: Adoption Tax Credit Extended!
 
I hadn't heard this! Yay! :goodvibes:

dalynn1997 01-02-2013 05:16 PM

Re: Adoption Tax Credit Extended!
 
This is great since we will finalize this year!

FindingMercy 01-02-2013 07:01 PM

Quote:

Originally Posted by mmbreb
Is it refundable? Is it true that if you are self employed you will not benefit?

Not refundable. As long as you pay federal taxes, you can benefit.

FindingMercy 01-02-2013 07:02 PM

Quote:

Originally Posted by dalynn1997
This is great since we will finalize this year!

Us too! Hopefully this month if not, next.

grahamcracker 01-03-2013 06:34 PM

Re: Adoption Tax Credit Extended!
 
Yay, I wish it was refundable but anything helps.

fostermommyJ 01-04-2013 05:16 PM

Re: Adoption Tax Credit Extended!
 
Is it still going to be around $10000 for 2012?

FindingMercy 01-04-2013 06:13 PM

Re: Adoption Tax Credit Extended!
 
Quote:

Originally Posted by fostermommyJ (Post 16115580)
Is it still going to be around $10000 for 2012?

It's around $12,800 for 2012 I believe.

Zanne 01-05-2013 10:39 AM

Is this for any child? Or are there conditions


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