Adoption Credit & Expenses
Adoption Credit - 2016
In 2016 the maximum credit allowed for adoptions is the amount of qualified adoption expenses up to $13,460. The available adoption credit begins to phase out for taxpayers with modified adjusted gross income in excess of $201,920 and is completely phased out for taxpayers with modified adjusted gross income of $241,920 or more.
Note If you need professional help with "Adoption Credit & Expenses" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.