Adoption Credit - New and Improved!
With the recent passage of the Health Care Reform Act, there are going to be many changes that affect how much and what kind of taxes we pay. One change that could be beneficial for some relates to the adoption credit.
For 2010, the maximum tax credit for qualified adoption expenses has been raised to $13,170 and is now a refundable credit, which means you may be able to get a refund that exceeds that tax you pay.
Please contact Brandon or Bruce if you have any questions.
Below is a link to a more detailed explanation of the credit.
Adoption Credit
For 2010, the maximum tax credit for qualified adoption expenses has been raised to $13,170 and is now a refundable credit, which means you may be able to get a refund that exceeds that tax you pay.
Please contact Brandon or Bruce if you have any questions.
Below is a link to a more detailed explanation of the credit.
Adoption Credit
Labels: adoption, health care bill, sales tax, tax credit
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