Obviously, this is a major decision and not one to be made simply because of a tax break. But if you are planning to add to your family via adoption, then the IRS offers a nice benefit this year.
As part of the Health Care Reform Act, the adoption tax credit was expanded. This credit helps adoptive parents pay some of the processing costs. For 2011, that amount is a maximum of $13,360 per eligible child. The increased credit applies to the adoption of any child, not just...Read More