Adoption Credit - 2013
Answer:
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.
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.
