Adoption:

Adoption and Taxes

Adoption Credit: Beginning this year, the credit allowed for the adoption of a child with special needs is $11,390 and the maximum credit allowed for other adoptions is the amount of qualified adoption expenses up to $11,390. The credit will decrease if you have modified adjusted gross income of $170,820 or more and there will be no credit at all if you have modified adjusted gross income of $210,820 or more.

Adoption Assistance Program: Starting this year, you may be able to exclude up to $11,390 from your gross income for qualified adoption expenses paid or acquired by your employer under a qualified adoption assistance program in connection with your adoption of an eligible child. This will decrease if your modified adjusted gross income is $170,820 or more and you will not be eligible for it at all if your modified adjusted gross income is $210,820 or more.

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