Tax Law changes - 2013
Adoption Credit - 2013
For taxable years beginning in 2013, the credit allowed for an adoption of a child with special needs is $12,970. For taxable years beginning in 2013, the maximum credit allowed for other adoptions is the amount of qualified adoption expenses up to $12,970. The available adoption credit begins to phase out for taxpayers with modified adjusted gross income in excess of $194,580 and is completely phased out for taxpayers with modified adjusted gross income of $234,580 or more.
Need Professional Help?
If you need help with "Tax Law changes - 2013" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.