Iowa Adoption Credit and Special-Needs Adoptions
The Iowa Adoption Credit is available for Iowans who adopt children. But the rules for how big the deduction is are different from the federal rules.
Iowa Adoption Credit and Deduction
Iowa now offers an adoption credit on 2014 tax returns. How does it work?
Prior-Year Adoption Credits and Same-Sex Marriage
Scenario: Angie and Alice are in a same-sex marriage. In 2012, Alice went through the adoption process to become the parent of Angie’s child. Because of the Defense of Marriage Act, Alice properly filed her 2012 tax return as a single person … and claimed the adoption credit for adopting Angie’s child. Questions: After the […]
The Adoption Credit for 2012, 2013 and Beyond
What’s happening with the adoption credit? Here’s an overview: For 2010 and 2011, the credit was fully refundable. For 2012, the credit is no longer fully refundable, and the maximum credit decreases from $13,360 in 2011 to $12,650 in 2012. If no further legislation happens, the adoption credit will drop to $5,000 (or $6,000 for […]
Adoption Credit Issues of Same-Sex Married Couples
The New York Times ran an article last week about the IRS denying adoption credit claims of some same-sex married couples. Professor Pat Cain at Santa Clara Law School in California also published a blog post about this back in August. Links to both stories are provided at the end of this article. One of […]
Some Same-Sex Couples Face Adoption Credit Problems with IRS
Professor Pat Cain has a blog post about the problems same-sex couples are facing in cases where one of the couples tries to claim the adoption credit for adopting the partner’s kids. From Professor Cain’s story: There are two primary reasons that seem to have been given by the IRS in denying the credit to […]
Adoption Credit Increases for 2010 and 2011
The “health care reform bill” passed by Congress earlier this year increased the credit available for expenses incurred in adopting a child. For 2010 and 2011, taxpayers can claim a credit of up to $13,170 for adoption expenses. Allowable expenses include adoption fees, court costs, attorney’s fees and travel expenses, The bill also changed the credit to […]
