Adoption Benefit Plan
Employer reimbursements to you or payments to a third party for qualified adoption expenses are generally tax free up to $12,650 in 2012 ($13,360 in 2011.) The exclusion is phased out if your modified gross income is between $189,710 and 229,710 in 2012 ($185,210 and $225,210 in 2011.)
Need Professional Help?
If you need help with "Fringe Benefits" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.