Form 8849 Rev January

Instructions and help about Form 8849 Rev January

okay for this video i wanted to talk about the irs form 8839 which is used to include with your form 1040 if you have any qualified adoption expenses during the year or prior years so why is this important well the federal government gives you a tax break they allow you to take a tax credit if you adopt a child and this child can be um from the united states or it could be a foreign adoption as well so i'm going to go through the form here but first i want to cover a slide i've got with just some background information and what costs are eligible to be deducted or rather taken as a tax credit okay so the form 8839 again this is used to report qualified adoption expenses now the average cost of adopting a child is incredibly expensive right in the u.s the figures i've seen are approximately seventy thousand dollars that's all in for attorneys fees adoption agency fees core costs so it's quite expensive even if you go abroad adopt a child from a foreign country you're still looking to pa