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Some Basics of the Adoption Credit - 2005
Personal information needed for return:
Child's name
Date of birth
Child's id #
Maximum credit is $ 10,630 subject to income limitations
Per IRS instructions for Form 8839, Qualified Adoption Expenses:
Qualified Adoption Expenses
Adoption fees
Attorney fees
Court costs
Travel expenses while away from home
Travel
Lodging
Meals
Re-adoption expenses relating to the adoption of a foreign child
Qualified adoption expenses do not include expenses:
For which you received funds under any state, local, or federal program
That violate state or federal law
For carrying out a surrogate parenting arrangement
For the adoption of your spouse's child
Paid or reimbursed by your employer or any other person or organization
Paid before 1997
Allowed as a credit or deduction under any other provision of federal income tax law
Note: This information is not all-inclusive and can change at any time.