Adoption Benefits Increased

Fri, 01/09/2009 - 21:42 | Family & Financial Planning

 

2008 Federal Adoption Tax Credit

For 2008, the maximum adoption credit has increased to $11,650. Also, the maximum exclusion from income for benefits under your employer's adoption assistance program has increased to $11,650. These amounts are phased out if your modified adjusted gross income (MAGI) is between $174,730 and $214,730. You cannot claim the credit or exclusion if your MAGI is $214,730 or more.

http://www.irs.gov/formspubs/article/0,,id=177982,00.html

 

Also look at the Families Like Ours resource guide on this subject.