QUESTION DETAIL
Related User
Votes
If I started the adoption process and couldn't reach an agreement with the agency, can I still claim a partial adoption tax credit?
ANSWER
The BIDaWIZ Team's Answer:
The adoption rules depend greatly on whether the adoption was international or domestic. If it was domestic, you can claim the credit for the past year on next year's tax return. If you pay expenses in a year after the adoption becomes final, claim the credit the year you pay the expenses. Please note that the adoption expenses must be reasonable and necessary.