I just found out that for 2012, the currently refundable adoption credit decreses from the 2011 value of $13,360 to $12,650 (I already knew that), and it it reverts back to a nonrefundable credit (I didn't know that).
Of course, congress can change any of the above facts any time between now and the end of the year. And it's an election year, so we'll see.
I'm just glad that one of our two adoptions was made final in 2011. Because, as it stands right now, that's a $710 difference.
Bad News - Maybe Not
January 6th, 2012 at 01:22 pm
January 7th, 2012 at 11:37 pm 1325979427
Jerry