en     ru     jp
 
 
private banking
private banking
private banking
private banking
private banking
private banking
private banking
     
 
Home
      
Knowledge Base
      
Financial Glossary
      
Adoption Credit
       
 
Back

Adoption Credit

 Search definitions     
  Search  

Adoption Credit
A per-child Tax credit for adopting a child under 18.
    
The Limit is higher if it's determined that the adopted child has special needs. The credit is nonrefundable, thus, it can only decrease a taxpayers Tax liability to zero. However, if the credit amount exceeds a taxpayer's total Tax liability, the amount may be carried Forward for up to 5 years.
    
Qualified expenses include, adoption fees, court costs, attorney fees, traveling expenses (including amounts spent for meals and lodging while away from home), and other expenses directly related to and for which the principal purpose is the legal adoption of an eligible child.
Posted by  Worldwide Business Research
 
  Back  
  Print  
  Email  

 

private banking
private banking
private banking
private banking
private banking
private banking
private banking

 
Home News Library Newsletters Event Calendar Advertise About Contact FAQ
Privacy Policy     Terms of Service
 

©