cb73
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You can deduct up to $14,440 per child for adoption related expenses (and most people fudge amounts), so they could have received nearly $30,000 from IRS the year after the adoption was final. (Depending on a lot of things, but it was possible.)Someone alluded to this yesterday, are these adoptive parents paid to adopt? (I guess I'm naive)
Plus they would be getting Earned Income Credit per child, Child Tax Credit, and possibly state/county income per child.
Barely enough if you're raising a child, but, although horrible to say, a decent income if you don't plan on the child being there long....
Wasn't that close to when they bought their house? (Don't recall.)
Link is general and provides info on both the Adoption Credit and Adoption Assistance Programs. Site Index Search | Internal Revenue Service