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2022 Adoption Tax Credit Info - Ellen Kaplan Adoptions
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2022 Adoption Tax Credit Info

07 Jan 2022 Adoption Tax Credit Info

Posted at 11:12h in Uncategorized by
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The IRS just announced the Adoption Tax Credit for 2022 and the maximum credit allowed for qualified adoption expenses is $14,890. The credit available to a taxpayer who adopts a child with special needs is also $14,890 for 2022.

The credit begins to phase out for taxpayers with modified adjusted gross income (MAGI) in excess of $223,410, and it’s completely phased out at $263,410 or more.



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