A taxpayer is entitled to an income tax credit for the adoption of a qualified foster child. This credit applies to adoptions occurring in taxable years beginning on or after January 1, 2008.
The amount of the credit is $2,000 per qualified child per taxable year, beginning with the year in which the adoption became final and ending in the year in which the adopted child attains the age of 18.
A qualified child is defined as a child who is under 18 years of age, and is in a foster home or otherwise in the foster care system under the Division of Family and Children Services (DFCS).
Any unused credit may be carried forward until used.