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Adoption Tax Credit Victory
Now a credit and a refund
March 01,2010 / Martha Osborne
Untitled Document

With the signing of the new health care bill, adoptive parents received some very welcome news. Not only will the adoption tax credit be extended until December 2011, but it has also been increased from $12,170 to $13,170 for adoptions occurring after January 2010. And for the first time, the credit will now be refundable. Families may receive a refund for documented expenses for the adoption of their child.

What this mean to adoptive families:

The best news: This new tax law means that adoptive parents may apply up to $13,170 of their adoption expenses toward their taxes owed, thereby decreasing the amount owed overall by this amount. However, the news gets even better. For the first time, families may be getting cash back from the IRS for their adoption expenses. That's right, the credit may now be taken as a refund for the first time. In the event that the couple owes less than the tax credit amount stated, they may receive some or all of the balance as a refund on their Federal taxes.

The tax credit is important to both international and domestic adoptive families, but it's greatest beneficiaries are the children who will now have permanent families thanks to adoption being more affordable. Many groups and individuals have successfully lobbied to help extend this tax credit beyond its original expiration date of December 2010, and are still seeking to make the tax credit permanent. As we celebrate the extension of the deadline to December 2011, we must also remain vigilant in seeking to make this legislation a lasting gift to the children who wait.

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Readers Comments  (27 Comments)  View All Comments
Wow this is awsome. Ihave been contimplating adoption of a special needs child that I have had for 6 years. This credit will help to offset the lack of support given to my child post adoption. I hope this becomes a permanent law. :)- Anonymous
If the foster child you are adopting is deemed special needs, you are elligible for the credit.- Anonymous
we are in the process of adopting through the foster system and we have heard a few different things about the tax credit does this apply to us as well or only if you paid alot of expenses..- Anonymous
Our company, AdoptFund, focuses on helping families with adopted kids get the tax refunds that they are entitled. Contact us at 855.991.7680. The call is free and we only charge if we are successful in getting you a refund.- Ron
Our company, AdoptFund, focuses on helping families with adopted kids get the tax refunds that they are entitled. Contact us at 855.991.7680. The call is free and we only charge if we are successful in getting you a refund.- Ron
wondering if this is only for families who paid out major money for their adoptions...we did the foster to adopt program and adopted 2 children this year! Are we eligable for anything?- Anonymous
fyi- lucy
We adopted in 2004 and were not able to use all of our tax credit. Can we now file to get re-embursed on the amout we were not able to use?- Teresa
What if you pay out all year so that you get money back on your txes, then you get nothing?- Anonymous
We adopted 1 in 2009 and another in 2010. This news is awesome!!! I think this year we'll get an accountant to do our taxes though.- D Dykshoorn
I didn't realize there was an income limit. Linda or anyone else, do you know what the income requirements are?- S. Good
Martha, Where can I find a detailed list of expenses that would qualify for the credit or refund. Thanks.- M. Johnson
Question: If we adopted in 2007, but have only qualified for a small amount of the tax credit so far, will we be able to get the rest as a refund next year? Or does the refund only apply to adoptions from 2010 on?- MH
I am soooo excited! The costs have literally kept our hands tied no matter how I seem to try to make our adoption work. We would have only benefitted a small amount of the tax credit and would have had to spread it out over several years thus carrying the cost of adopting for years before being able to pay it off! If we indeed can use it all in one year and can get a refund, our doors could FINALLY be open to loving a child without a family and home!!!!!!- Kirstie
Praise, God. Lets keep up the good work.- Yei
Hi Martha, This adoption tax credit also applies to an older (age 12 yr and with PTSD, originially from Ethiopia) child adopted privately, I hope? Our adoption expenses came to almost $9,000. Also, does both the federal AND state re-imburse? I also understand the full amount can be used in one year. Correct. Thanks ahead of time for your response.- Barbara
I am beyond excited about a refund!! The tax credit did very little for my family. We would only have gotten back $3,500 or so over several years, which wouldn't help us feel we could afford the adoption in the first place. I hope this works out, I really do.- Anonymous
Ohhhh....I cannot even tell you how relieved we are. A huge thank you to everyone who worked to make this happen. Now let's make it permanent!- Jennie
Oh Praise the Lord!!!!!This is wonderful news. We adopted twins this year, but will not be able to file for them until next year.- Kristy
This is good news! Thanks for sharing!- Anonymous
ALL POLITICAL COMMENTS WILL BE DELETED.- MarthaO
Hi, based on several emails, I want to make it clear that I am REPORTING the news. This article isn't about whether or not I support the Health Care Bill, it's about telling people what's happening. I'm sending a nice calming hug everyone's way.- MarthaOsborne
Does anyone know where to find IRS information about how to complete your tax form to receive the credit if your taxes are $0- Debbie
Wonderful!! A blessing indeed. I don't understand the complaint in the comments. How is an extra year and $1000 better then ending in 2010?? I know so many people in process now that will be affected by this extension. Als it does not mean it will end in 2011 =)- Jenny
This is wonderful news for adoptive families.- Rachel
I wish someone would also make it non-income dependent. It is a shame that they have a cut off for who can qualify for this.- Shelli
This is wodnerful indeed!! I have been lobbying my Oklahoma elected officials about this for quite a while! Do you know if the CHILD TAX CREDIT was also extended or if it is goin to expire at the end ofthis year? THAT one is a big biggie as well and has been a huge blessing and benefit to our large, and largley adopted, family as well.- Linda
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