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 email@example.com.