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16 April, 22:52

The Smith family adopted a child. The adoption procedure took about three months, and the family incurred various expenses. Will the Smiths receive any financial benefit for the taxable year?

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  1. 17 April, 00:02
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    Yes, the Smith family receive financial benefit for the taxable year. Adopting a child allows the family to ask for refund spent for adoption tax credits. This is application if the child is not over eighteen and is not a stepchild of your wife or husband.
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