Links To Adoption Tax Credit Explanations

I did most of my research through the IRS website, but for folks who don't want to spend weeks like I did, I found the following summary to be the most accurate and helpful:

http://taxes.about.com/od/deductionscredits/qt/adoptioncredit.htm

It provides hyperlinks to the actual forms you'll need to fill out (or, as in our case, your tax preparer). I highly recommend using a tax professional when you go to use this credit.

I'll add more as I get a chance as I know others are very interested as they plan on adopting in the near future.

I just learned that you can use the tax credit even if you had expenses on an attempted by failed adoption, too. This is great news for many who run into nonrefundable deposits with agencies only to have birth mothers/parents change their minds.

For those of you who have not adopted, don't forget that you can claim a foster child who is in your care for at least 6 months out of that year. We claimed Cookie in the year before she was adopted and it gave us a nice tax break that year as well. We couldn't claim Bit-Bit because she was born on July 31st.

Hope this helps - anyone have other sites? As I find good ones, I'll create a side-bar with the links.