tag:blogger.com,1999:blog-28895780.post3550938801139084571..comments2023-04-16T05:30:17.749-07:00Comments on Born at the Right Time: Adoption Taxes and (Re)Funding It ForwardWendyhttp://www.blogger.com/profile/04884211662363674367noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-28895780.post-62523759545580179342008-04-18T12:11:00.000-07:002008-04-18T12:11:00.000-07:00I agree! We made that pledge, too. Now to get ou...I agree! We made that pledge, too. Now to get our money, give some away, and use the rest (well, most of it anyway) to stimulate our savings account depleted by real life!!RMMcDowellhttps://www.blogger.com/profile/08790877019982706989noreply@blogger.comtag:blogger.com,1999:blog-28895780.post-31046979117966036332008-04-16T18:00:00.000-07:002008-04-16T18:00:00.000-07:00Ooh Wendy, I know the PERFECT place to forward you...Ooh Wendy, I know the PERFECT place to forward your money. Some of us Ethiopia adoption mamas have gotten together and created a charity--Ethiopian Orphan Relief. We're waiting for our 501c3 status before we begin knocking on doors, but you know, if you knock first, I feel it is my neighborly duty to open up!<BR/><BR/>The best part about Ethiopian Orphan Relief is that it isn't intended to benefit a particular orphanage (or agency). We're casting the net wide! In case you feel like gifting us...<BR/><BR/>In an odd twist of fate, because Albert's employer paid our relocation expenses and we were given a living stipend (to offset the cost of living in SF) we made too much money last year to receive the stimulus cash. I know I should be happy--we made plenty last year, but let me tell you, the extra money that put us over the income line--we really didn't see it--it really was the cost of two cross-country relocations in 10 months in this case. Oh well, other people can enjoy Disney for us; we have enough and some to fund our charitable giving.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-28895780.post-21167816199582436982008-04-16T13:22:00.000-07:002008-04-16T13:22:00.000-07:00We're up for the 10% towards something worthwhile!...We're up for the 10% towards something worthwhile!!! Great post, Wendy!Anonymoushttps://www.blogger.com/profile/16663647667275488323noreply@blogger.comtag:blogger.com,1999:blog-28895780.post-30934512955238802172008-04-15T16:19:00.000-07:002008-04-15T16:19:00.000-07:00All the adoption credit did for us was balance aga...All the adoption credit did for us was balance against money owed. What we did was to claim more deductions so we would have more "cash on hand" throughout the year after we adopted; when it came time to "owe" the government, the tax credit would balance it. We could only do it for 3 years. <BR/><BR/>If you don't owe taxes, the credit doesn't help at all. You don't get it back in cash. Otherwise we'd have gone to DisneyWorld already!Amyhttps://www.blogger.com/profile/05160812121714393584noreply@blogger.com