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Adoption Expenses

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Our Taxation experts answer questions on Adoption Expenses such as:

  • Who Can Take the Adoption Credit or Exclude Employer-Provided Adoption Benefits?

  • If an adoptive parent pays qualified adoption expenses in 2011 and the adoption is finalized in 2012, are those expenses first allowable on the 2011 income tax return or on the 2012 return? 

  • What Is IRS Form 8839: Qualified Adoption Expenses?

  • What is the maximum amount of the credit for 2013? At what income level does the credit begin to phase out?

  • Is the tax credit for all adoptions or just special needs? Can I receive the credit if I adopted a healthy child? What kinds of adoptions benefit from the tax credit?

 

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