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What is the future of the Adoption Expense Tax Credit?

Unfortunately, the Adoption Expense Tax Credit as it currently stands is scheduled to “sunset” (as in, ride off into) …

Solid retirement planning can help anyone…even Mommy Bloggers…retire to Fiji.

A new year has arrived and a new you (if you’re on Oprah’s plan) will be following shortly.  In the interim, a new year presents a new opportunity to take care of some of those …

With the holiday season upon us comes the sobering realization that after the first of the year we’ll all be poorer and fatter.  If that weren’t enough, tax season will be looming in the not …

Over the past year, we’ve seen politicians will all sorts of tax problems.  Tim Geithner, Tom Daschle and Charlie Rangel have all proved that the tax man rarely giveth but frequently taketh away.  But don’t …

What else should you know about Adoption Tax Credit?

The Adoption Expense Tax Credit is not refundable. This means that if adoptive parents end up with more credit in a given year than tax …

The tax credit for special needs children is the same as that for other children, with some added perks. For purposes of the tax credit, a special needs child is a child of any age who is a citizen or resident of the US and who has a “specific factor or condition, including ethnic background, age, membership in a minority or sibling group medical condition or physical, mental or emotional handicap,” for whom it is reasonable to conclude that the child cannot be placed with adoptive parents without providing adoption assistance.

ATTENTION ADOPTIVE PARENTS: the government has a gift for you.

First, the bad news: your US Representative won’t be at the shower.

The good news? Uncle Sam wants to reward you monetarily for all the hard work, emotional strain and sleepless nights you are spending, have spent or can look forward to spending during the adoption process.