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If you adopted a child during the tax year, you may be eligible for an additional itemized deduction for a portion of the adoption expenses paid in 2003. This deduction is taken in the year that the expenses are paid even if the child is not placed in your home during that year or if the adoption does not occur. A deduction is allowable for expenses including medical costs relating to the childs birth, any necessary fees, and all other costs connected with the adoption procedure. Attach a separate schedule listing the adoption expenses. Subtract 3% of your total Iowa net income entered on line 26 from the total of qualifying adoption expense. If married, 3% of the combined net income must be subtracted. Only the amount which exceeds 3% of your total Iowa net income may be deducted.
MARRIED SEPARATE FILERS: This deduction must be divided between husband and wife in the ratio of their respective net incomes.
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