Tag: adoption tax credit

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$13,460 is Maximum Adoption Tax Credit for 2016

According to this article, the maximum adoption tax credit for 2016 is $13,460.  Please discuss with your accountant to find out if you are eligible and if there are phaseouts.

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Adoption and Financial Planning

Financial plan for adoption may include contacting: (a) your Human Resource Department to learn if an adoption subsidy at work is available; and (b) your accountant to learn if you are eligible for an adoption tax credit.

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