Adoption Credit - 2016
Answer:
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.
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.
