tag:blogger.com,1999:blog-8215221452163344319.post-9032078717054253002008-02-28T13:11:00.002-05:002008-02-28T13:23:16.154-05:00You may be able to take a tax credit for expenses paid to adopt a child. The credit generally applies to the year the adoption is finalized in court. Obviously the adoption credit is not available for any expenses that have already been reimbursed to you by the agency or state. In addition to the credit, certain amounts reimbursed by your employer may qualify for an exclusion. For both the credit or the exclusion, qualifying expenses include adoption fees, court costs, attorney fees, traveling expenses (including amounts spent for meals and lodging while away from home), and other expenses directly related to the adoption of a child. Under certain circumstances, the amount of your qualified adoption expenses may be increased if you adopted a child with special needs. The credit and exclusion both have a dollar limit and an income limit.<br /><br />If your adoption is finalized and you have questions about this tax credit, please contact us at 1-888-200-4005.Kate Kirkpatrickhttp://www.blogger.com/profile/15070339283074690076noreply@blogger.com