Tax credits of up to $10,960 are allowed for those who are trying to adopt. The amount is the same whether you're adopting internationally or from within the United States.

"If the child is a U.S. resident or citizen, you can claim the credit on the expenditures whether or not the adoption becomes final. You only receive a credit for a foreign child in the year the adoption become final."

Expenses that can be counted toward the deduction include: court costs, traveling expenses, and adoption fees. Read more at BankRate.com.

Labels: adoption costs, tax_deductions

Posted By: Aspen Education Group