When can I apply for the adoption tax credit?

Question

My son was born in 08 and has lived with me since his birth, however, his adoption won't be finalized through the courts until into 09. Which year would I claim the adoption?

Answer 1

The credit is only applicable in the year the adoption is finalized.  So 2009.  However, the actual expenses claimed can have been spent at any point in the process.

The Adoption tax credit allows a non-refundable tac credit on up to $10,000 in allowable expenses.  That will give you a maximum credit of $1500.