Recent cases shine spotlight on financial abuse of elderly

Recent cases shine spotlight on financial abuse of elderly

Possible $10,000 tax credit for families with special-needs adoptions

As reported at:
http://baledger.com/news/your_news/possible-tax-credit-for-families-with-special-needs-adoptions/article_ec787e58-529d-11e1-bdab-0019bb2963f4.html

Posted: Wednesday, February 8, 2012 3:40 pm

Possible $10,000 tax credit for families with special-needs adoptions From Staff Reports
news@baledger.com Broken Arrow Ledger

Families who have adopted a U.S. child with special-needs from approved foster care systems may be eligible for a federal tax credit of more than $10,000, according to the National Society of Accountants.
Special needs children are those who receive adoption assistance/subsidy benefits, whether or not the family received a deferred subsidy.

“This tax credit is a well-deserved reward for families who adopt special-needs children, yet many families are not aware of it,” said John Ams, executive vice president for the society. “We are pleased to support North American Council on Adoptive Children in their effort to publicize it, and NSA member accountants are aware of this important provision.”
The accountant society is promoting this tax credit in accordance with Adoption Tax Credit Awareness Day, Feb. 13.

For more information about the tax credit, visit NACA.org.