members of a sibling
group who need to be placed together
members of a racial or
children with disabling
physical, mental, and/or emotional problems
can be older
can be single or married
can work outside the home
can either rent or own
Federal Adoption Tax Credit
The federal adoption tax credit was made refundable for the first time, which means that you can claim this credit as a refund even if you owe no taxes.
Families who adopt a child with special needs from foster care can claim the credit without incurring expenses or documenting expenses. The per-child credit is now $13,170 for adoptions finalized in 2010.
This refundable credit will allow more families to benefit, including families who adopted prior to 2010 but didn’t have enough tax liability to access the credit in previous years.
To learn more about the adoption tax credit and how it might benefit your family, visit the following resources: