You are not required to file a tax return in California. Open a Non-Deductible IRA, Then Convert it to a Roth. Contributions to a non-deductible IRS may be made by high income individuals. Make the contribution, then use the Roth rollover rules to convert the IRA to a Roth. Unused credits may be carried forward for 5 years.
Credit is applied on a per-child basis and is available in the year the adoption becomes final.
This change does not apply to payments made by an agreement, court decree or mediation award in effect on or before September 13, 1995. The information contained at this site is for educational purposes only and is not intended for any particular person or circumstance. A competent tax professional should always be consulted before utilizing any of the information contained at this site.