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Adoption Credit Check Received

September 24th, 2013 at 12:47 pm

We got our 2012 adoption credit check from the IRS in the mail yesterday. We got this one a month later than last year's check. The amount was $1,066.06 - $1,053 was credit, and $13.06 was interest. I'll deposit the check later today.

For those of you who may be new, or may not remember, we adopted two boys from foster care, DS1 in 2011, and the DS2 in 2012.

The adoption credit was refundable in 2011, so we got the entire amount in one check. In 2012, the credit became non-refundable, so we only received credit to the extent of our tax liability.

I'm pretty sure we'll use up the entire rest of the 2012 credit this year, because of the tax we'll owe on our short sale this past April. Probably, we'll owe beyond the tax credit. But, we'll see on that.

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