In this presentation, we will discuss the adoption credit. This will be a fairly long presentation. If you would like to jump to relevant topics within it, you can go to the description below where we will break out those relevant topics and have links so that you can jump directly to them within the presentation. Much of this information can be found in Publication 17. You can find a link to this publication and other resources within the description below. In this presentation, we will take a look at the adoption credit. This information can be found in Publication 17 (Adoption Credit). You may be able to take a tax credit up to thirteen thousand eight hundred and ten dollars for qualified expenses paid to adopt an eligible child. The credit may be allowed for the adoption of a child with special needs, even if you don't have any qualified expenses. If your modified adjusted gross income (AGI) is more than two hundred seven thousand one hundred and forty dollars, your credit is reduced. If your modified AGI is twenty-seven one hundred and forty dollars or more, you cannot take the credit. So, there's gonna be an AGI limitation, basically an income type of limitation, fairly high. Qualified adoption expenses are reasonable and necessary expenses directly related to and whose principal purpose is for the legal adoption of an eligible child. These expenses include adoption fees, court costs, attorney fees, travel expenses (including amounts spent for meals and lodging while away from home), and re-adopted expenses to adopt a foreign child. Non-qualified expenses don't include these expenses, so these are explicitly not included: expenses that violate state or federal law, expenses for carrying out any surrogate parenting arrangement, expenses for the adoption of your spouse's child, expenses for which you received funds under any...
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Publication 54 Form: What You Should Know
TC-62M. What is the Publication Number (PNR)? As the IRS says, “PNR refers to Publication 59. Publication 59 was the latest guide to Taxpayer rights, tax responsibilities, and reporting of Federal income and gift tax activities. It is published by the Tax Institute.
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