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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You get an credit of the amount (forget what - $12,000 or so).  Basically, it reduces your tax liability for that year and if you did not pay that much in taxes, it carries over.  Be prepared to spend a lot more than that.  $20,000 is conservative if you get lucky quickly.  We basically lived off of one salary and put mine toward adoption paying cash as we went.  We did not want to risk getting into debt.  We probably spent between $40-50,000 on different agency's, advertising and attorneys.  Our actual adoption was only about $14,000.

Honestly, if you have one child, I would not adopt if you cannot afford to pay cash. It was worth it for one.  If you can adopt quickly, hassle free, it is worth it but there are no guarantees, agency's want a lot of money up front and do not have to provide you with a child, lots of scams, attorneys  are a rip-off, etc.  If you did not have a child, its worth it.[/quote]

Thanks.  I don't need advice on whether to add a second (that's intensely personal) but I do appreciate the info on costs.  I don't live in DC so I am not worried about scams, multiple agencies, advertising, etc.  We've thoroughly vetted possible agencies and have spoken to parents who've used them.  You don't pay the placement fees until you actually have a child placed with you - and there are minimal upfront costs for parent profiles, etc.  And all legal fees are included in that $20K figure, which seems to be pretty standard across the board in our part of the country.

Bottom line is what $$ impact did the tax credit have on your refund, and at what HHI?  [/quote]

Scams happen anywhere, not just DC.  You really need to look into this as there is more to expenses than just the tax credit.  And, just you live in one state, does not mean your child comes from your state.  Its not as simple as you are making it out to sound.  [/quote]

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