Wednesday, January 19, 2011

It's Tax Time! Understanding the Adoption Tax Credit

The Adoption Tax Credit is a wonderful benefit available for adoptive families who complete a domestic, international, or special needs adoption.  However, it's something that most people don't think about until it's tax time and then they realize that they don't really understand it.  The Dave Thomas Foundation For Adoption produced this video clip with basic information to help you understand what kind of expenses you should be documenting, when the credit can be used, and how to go about gaining the maximum benefit for your family.

You should consult a tax professional for additional information or answers to questions you may have specifically relating to your adoption experience.

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