2019 Adoption Tax Credit

For families who will adopt in 2019 we still have the Adoption Tax Credit.

The inflation adjusted numbers for the Adoption Tax Credit in 2019 per IRS IR-2018-222 which is dated November 15, 2018:

For taxable years beginning in 2019, under § 23(a)(3) the credit allowed for an adoption of a child with special needs is $14,080. For taxable years beginning in 2019, under § 23(b)(1) the maximum credit allowed for other adoptions is the amount of qualified adoption expenses up to $14,080. The available adoption credit begins to phase out under § 23(b)(2)(A) for taxpayers with modified adjusted gross income in excess of $211,160 and is completely phased out for taxpayers with modified adjusted gross income of $251,160 or more.

To make an appointment for a consultation
or get more information about adoption,

please call 603 673-8323 or send an email to mchall@mchallesq.com.
 

Margaret Hall represents adoptive parents and birth parents in domestic adoptions. The Adoption Tax Credit can help with expenses.
©2018 Attorney Margaret Cunnane Hall • 37 High Street, Milford NH 03055 • All Rights Reserved