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Adoption Tax Credit

Posted Dec 07, 2018

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Adoption Tax Credit





Are you considering adopting a child with special needs in 2019? If so, the adoption tax credit will be $14,080. The maximum credit allowed for other adoptions will be the amount of qualified adoption expenses up to $14,080. The credit will begin to phase out for taxpayers with modified adjusted gross income (MAGI) in excess of $211,160 and the phaseout will be complete with a MAGI greater than $251,160.





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