Adoption Credit for Tax Year 2011

The maximum credit allowed for qualifying adoption expenses for BOTH special needs and non-special needs adoptions has been increased to $13,360 per child due to an inflation adjustment. The credit is also a refundable tax credit.

The adoption credit begins to phase-out when modified adjusted gross income (MAGI) exceeds $185,210. The adoption credit is completely phased out when MAGI reaches $225,210.

Click here to return to "What's NEW for Tax Year 2011?"