Is the earned income credit and child tax credit available for adopted children?
Yes, if you otherwise qualify under the IRS rules and regulations. These are two separate tax benefits. Should I update my will? Once the adoption process is complete and you have welcomed your son or daughter home, take a few minutes to let it all sink in, and then make an appointment with your attorney to revise your Last Will and Testament. Having an up-to-date Will is important for all of your children whether they came to you through birth or adoption. There are many reasons why parents should have a current Will. The two most important reasons involve naming your children as beneficiaries of your estate and appointing their guardians. Although most states treat adopted children the same as birthchildren, it is best to specifically identify your adopted child(ren) as a beneficiary of your estate. The second reason has to do with appointing a guardian of the child and a conservator of the child’s property. A Will is the only place you can make these designations. If you fail to des
