Tax Adoption Deductions - Overlooked Tax Deductions
The Complete Book of International Adoption: A Step by Step Guide to Finding Your Child
by Dawn Davenport

This book is for anyone thinking about any form of adoption because it has a great discussion and comparison of all forms of adoption. Although the book goes on to a thorough coverage of international adoption, The author is clear that all forms of adoption should be considered and there is no one type of adoption that is best for everyone.

The book covers everything a prospective parent needs to think about, but the author is nonjudgmental about many of the choices parent will have to make. With each choice she urges parents to be honest with themselves and to put the interest of the child first.

The first couple of chapters most helpful if you are just starting the adoption process: are you ready to move on to adoption, what type of adoption is best for us, how to choose a country, and how to choose an agency.


Tax Adoption Deductions -

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Tax Adoption Deductions
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Tax Adoption Deductions * Overlooked Tax Deductions

Frequently Overlooked Income Tax Deductions   
Debbie Leonard a Tax Mom

Income tax deductions can make a huge difference in your income tax obligations. However, many deductions can easily be missed if you don’t plan ahead and look out for your own tax interests long before tax season. Too often, people turn to the standard deduction when in fact, they have many expenses that are valid deductions that should be itemized and can save them hundreds or more in tax dollars. A few tax saving deductions will not require that you fill out the long 1040 form to fully itemize, making it even easier to save on your tax burden.

The deductions that can be claimed regardless of whether you itemize or use the standard deduction may surprise you. These deductions are known as "above the line" deductions because they do not require itemization of all expenses to claim these income tax reductions. For example, did you know that the first $2,500 of interest paid to student loans is deductible? It is! Did you know that the first $4,000 of tuition and fees for certain expenses associated with higher education is deductible? If you had to move because of your job and the expenses were not reimbursed to you or paid by your employer, that amount is another deduction frequently missed. There is also a new deduction for travel expenses incurred by military reservists that have to travel for more than 100 miles and remain away from home overnight.

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Philip N. Cohen: International Adoption Under Siege? (The Huffington Post)
After a day at the 2010 Adoption Policy Conference. I'm not an adoption expert, but I know more today than I did yesterday. Spend a...


If you are self-employed, there are above the line deductions that you need to be aware of as well. All of the cost of your health insurance premiums obtained through your self-employment for both yourself and your family is counted as an income tax deduction. Half of the social security and Medicare taxes you paid in are also deductible as are your contributions to retirement plans.

Among the itemized deductions frequently missed by taxpayers are union fees, non-commuting travel expenses and the cost of continued education required by your job status such as recertification courses. You can even take the cost of safety deposit boxes, tax preparation expenses and some legal fees such as deductions that many people completely forget about. Of course, the standard itemized deductions that almost every one knows about include medical expenses if over certain limits, state and local taxes, charitable contribution and common business expenses such as uniforms.

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Bogus Document Leaves Couple In African Adoption Limbo (
A B.C. couple has been separated for months after its effort to adopt twin boys from Ghana turned into a bureaucratic nightmare.


If you own a business, you can use Schedule C to include deductions that might otherwise not be considered. The cost of advertising and promoting your business and carrying business liability insurance are deductible expenses. The cost of having an office in your home is a deductible expense as well. Certain legal and professional service fees can be an income tax deduction. Benefits and wages paid to employees including contributions to their retirement plans can represent a huge deduction for the business owner.

In order to ensure that you don't miss some large deductions that could save you a great deal of money, it is wise to consult with an income tax professional so that you don't miss any of these commonly missed tax deductions. Take the time to become better acquainted with tax professionals who can teach you how to maximize your tax deductions and learn about income taxes along the way.

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Index of Articles about Tax Adoption Deductions

What Other Authors say about Tax Adoption Deductions

Open Infant Adoption by Matt R

The open adoption, or fully disclosed option, is becoming more and more the norm in adoption cases. In this kind of adoption the adoptive parents and the adoptee have an 'open' relationship with the birth...

What To Expect During An Adoption Home Study by Dana Sanders

Every state asks prospective adopting parents, no matter how they plan to adopt to participate in an adoption home study. The purpose of this study is to provide valuable information to parents who are...

How to Interview and Adoption Professional by Mardie Caldwell, C.O.A.P.

Regardless of the type of professional you are hiring, there are some essential questions to ask before committing to anyone. Most of these questions apply to both the hiring of attorneys, qualified adoption...

Adoption Is A Great Option by Analeese Burnabaker

Are you hoping to expand your family by adding a child or children to your home? If so, then you are probably busy considering all of your options for becoming a parent. Of course, there is the option...

Bringing Families Together - Adoption Records by Wade Robins

Each state has a list of adoptions that have happened there. Each set of birth parents is listed in these documents. Nevertheless, the vital info about these people is not complete because of the lack...

In the articles shown above on this web site you will find information that has been collected from many independent sources. Each article or item may offers a different point of view, but not necessary that of the CPA Mom's. This information is for general information only.