tag:blogger.com,1999:blog-8180723005799822147.post6934059861039401139..comments2023-10-08T09:54:46.652-05:00Comments on Cookie Crumbs and Bit-Bits: Questions re: Adoption Tax CreditTamarahttp://www.blogger.com/profile/15970587039785233118noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-8180723005799822147.post-48952800896613965492008-05-01T19:41:00.000-05:002008-05-01T19:41:00.000-05:00Becky I think we got it back in one chunk because ...Becky I think we got it back in one chunk because we both have too much coming out of our checks and we paid in too much to the irs. What we got back was simply the entire tax we paid. (which really should have been much less) We still have a few k remaining which we will get back for next year i guess.Marthavmuffinhttps://www.blogger.com/profile/10358324554568167553noreply@blogger.comtag:blogger.com,1999:blog-8180723005799822147.post-20436170052081914682008-04-19T22:54:00.000-05:002008-04-19T22:54:00.000-05:00HI, can't remember how I found your blog in my hun...HI, can't remember how I found your blog in my hunt for other adoptive moms.?<BR/>We adopted both our children through a private agency, domestic. First in 1999, credit only $5,000. Second in 2004, final in 2005. Credit was $10,500 I think. We are getting ours back in smaller increments each year, we have to have a carry over each time, it was not all given to us all at once. Not sure I'm understanding why some of you get it all in one chunk.??<BR/>Hope you don't mind my popping in and commenting. Have enjoyed reading your blog.Beckyhttps://www.blogger.com/profile/00057393478776308396noreply@blogger.comtag:blogger.com,1999:blog-8180723005799822147.post-8469803509469875902008-04-18T14:49:00.000-05:002008-04-18T14:49:00.000-05:00Yes, I was a little afraid to use this credit as w...Yes, I was a little afraid to use this credit as we incurred NO expenses adopting Jamie in August, but the wording states if you are recieving a stipend for the adoption then the child is considered special needs. We are getting all that came out of our checks last year and will get the rest next year. Strange but true and such a blessing!Marthavmuffinhttps://www.blogger.com/profile/10358324554568167553noreply@blogger.comtag:blogger.com,1999:blog-8180723005799822147.post-33286708220962957032008-04-18T14:13:00.000-05:002008-04-18T14:13:00.000-05:00We got a tax credit for our son's private domestic...We got a tax credit for our son's private domestic adoption. It really helped. <BR/><BR/>Obviously the tax credit is not the reason we're trying to adopt again but it sure will help again. I hope they don't do away with this adoption tax credit!<BR/><BR/>Two weeks to go until the judge declares Bit-Bit free for adoption? How exciting! I'm so happy for you.Overwhelmed!https://www.blogger.com/profile/03213476355485623906noreply@blogger.comtag:blogger.com,1999:blog-8180723005799822147.post-86726746020255373082008-04-17T19:19:00.000-05:002008-04-17T19:19:00.000-05:00Great info about the tax credit, where did you get...Great info about the tax credit, where did you get thins information? I found it interestion that it was designed to encourage foster care adoptions, and only 17% are actually fostercare adoptions. I wonder why they don't just right in a clause regarding international and domestic?Jesshttps://www.blogger.com/profile/08238458863432716902noreply@blogger.comtag:blogger.com,1999:blog-8180723005799822147.post-56832357967910632742008-04-17T10:31:00.000-05:002008-04-17T10:31:00.000-05:00I so wonder what this means for me- as I bet I los...I so wonder what this means for me- as I bet I lose this whole thing because I intervened-even when I adopt her next year from myself as I am her guardian. So weird.Juliehttps://www.blogger.com/profile/08367614478917963052noreply@blogger.comtag:blogger.com,1999:blog-8180723005799822147.post-74799509988725618142008-04-17T08:10:00.000-05:002008-04-17T08:10:00.000-05:00Thank you for the info!!! Again, you are a sleuth ...Thank you for the info!!! Again, you are a sleuth for info!!!<BR/>I can't wait till next yr to file-we cannot do it yet-as one adoption is pending for this yr. Another is a cautiously optomistic thought. (don't want to get our hopes up too much on that one) But that would sure help us out alot. There should be these tax breaks! I don't work full time because of these babies-and I have foster care friends who quit their jobs to do it also. We all took a big hit by doing it-but see the better value is spening needed time with these kids. The IRS should be good to us! If it was not for us they would have an Orphanage System in this Country. Not many people out their will do what we do-and live with the risks. Money does not make it better or fix it for us but it can sure help out!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8180723005799822147.post-29047506926730137992008-04-16T23:55:00.000-05:002008-04-16T23:55:00.000-05:00Ya, AFAIK, you're right on.We finalized in 2007, f...Ya, AFAIK, you're right on.<BR/><BR/>We finalized in 2007, filed our taxes in early February, and got a Big Fat Check later that month. We also had donations, mortgage and auto interest, and a few other items, so in all it added up to more than the tax credit, but we only used about half of it this year, so next year, we'll get another BFC.<BR/><BR/>Which is why we now have travertine floors, less than 4k in credit card debt, and one car paid off (though only 6 months early).Maerlowehttps://www.blogger.com/profile/12045052250287649750noreply@blogger.com