We are preparing to adopt our foster daughter (mom is finishing relinquishment counseling and then in Nov her rights will be relinquished and we can adopt).
Anyway...she is a healthy baby, but she was exposed to drugs in uerto. Mom tested positive at birth but the hospital did not test the baby. She is developmentally on track.
She is a minority (1/2 hispanic) HOWEVER, birth father cannot be located to prove this fact, mom is cauc.
If she is Title IV-E eligible will this also make her "special needs" for the purposes of the adoption tax credit? She is currently a Title IV-E foster child...so we are expecting that to continue for the adoption purposes.
Answer by Iamgr8teful at 5:39 PM on Sep. 24, 2010
http://www.irs.gov/publications/p17/ch37.html#en_US_publink1000174906 This link is directly to the IRS. The credit and amounts and way you can claim are changing annually. The latest claims you can get back everything in 1 year even if you don't owe enough taxes! If the child qualifies for IV-E or a subsidy, you can take the entire credit. We are adopting a minority sibling group which deems them special needs. We just negotiated our subsidy yesterday. If you want info or have specific questions feel free to PM me! :) Best wishes and congrats!! :)
Answer by love2snorkel70 at 6:39 PM on Sep. 25, 2010
Answer by coolchic320 at 9:26 PM on Sep. 24, 2010
Answer by Iamgr8teful at 11:33 PM on Sep. 24, 2010
Answer by coolchic320 at 2:36 PM on Sep. 25, 2010
Answer by coolchic320 at 2:44 PM on Sep. 25, 2010
Answer by Iamgr8teful at 3:07 PM on Sep. 26, 2010
Answer by motherofhope98 at 8:16 AM on Oct. 11, 2010
Answer by mekarevell at 12:25 AM on Oct. 12, 2010