*Loan,banking and credit>>>tax credit

Question about tax credit for adoption?

Does anyone know when you can receive this? Is it after you have paid for the adoption, or can you receive this before to offset the total price of the adoption?

I have taken the credit twice, and you're not eligible until the adoption has already been completed. This is true even if you spent the money in a previous year. If you adopt a child and incur all the adoption expenses in 2007, and the adoption becomes legal in 2008, you cannot take the credit until you file your 2008 return in the spring of 2009.

Once you have the child's birth certificate in your hands with your names on it, then you receive the credit.

I'm quite certain.
After the adoption is finalized in court. There are some banks that will give you a loan against the tax credit if you have all your paperwork etc.
I believe it is in Minnesota after the adoption is finalized and at the end of the year when you go to file your taxes!!....good luck
You recieve the tax credit after the adoption has been finalized. Also, if you owe less that year in taxes then the amount of the tax credit, it will roll over to the next year or two.
You receive the credit in the tax year your adoption finalized. In California the child has to be in your home for 6 months before the adoption can be finalized, and it sometimes takes longer for all the paperwork to be filed and to get a court date. That court date would determine the year for which you get the tax credit.

Also the credit is limited based on your income. At higher income levels it is phased out.
The adoption of our daughter was finalized in 2006 (she was born and placed with us in 2005).