This is probably old news for some, but I just read about it today.
From the IRS website...
Adoption Benefits Increased
For 2007, the maximum adoption credit has increased to $11,390. Also, the maximum exclusion from income for benefits under your employer's adoption assistance program has increased to $11,390. These amounts are phased out if your modified adjusted gross income (MAGI) is between $170,820 and $210,820. You cannot claim the credit or exclusion if your MAGI is $210,820 or more.
We only had a credit of a little over $10,000, I think, so this increase is great news to us! Hopefully, the credit amount keeps increasing until we get to China.
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1 comment:
Yay and hooray for the credit increase! We hope that continues to increase as well!
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