As we move through the last quarter of 2018 and approach the end of the tax year, many families begin to gather necessary information for tax filings. For adoptive parents, the process of claiming their adopted child as a dependent on their annual income tax returns can be somewhat confusing when the adoption occurs later in a tax year and certain information and documentation cannot be obtained prior to tax filing deadlines.
When children are adopted, their legal status as dependents and their change of name are completed the day of their adoption finalization hearing. Typically immediately following the adoption finalization hearing, the judge overseeing the hearing will execute an Adoption Decree and shortly thereafter, the County court office which is responsible for processing adoption paperwork will issue a Certificate of Adoption. Those documents evidence an adoptive child’s new name and identify their legal parents. That information should be sufficient to claim a child dependency exemption for an adopted child. However, additional details are required in order to actually take an appropriate child dependency exemption for an adopted child. Continue Reading Child Dependency Exemptions for Adopted Children