Prudential's Adoption Expense
Reimbursement Program is designed to help employees and their families with the cost of adoption by reimbursing specific adoption-related expenses.
Where such works can not be compensated in accordance with the other items of the statement and no adoption expense
The maximum amount of qualified adoption expense
per child is $12,970 in 2013 and increases to $13,190 in 2014.
Financial assistance, such as adoption expense
assistance and college scholarships/tuition reimbursement.
The Patient Protection and Affordable Care Act (PL 111-148) temporarily increased the adoption expense
credit and fringe benefit exclusion limit for adoption-assistance programs and made the credit refundable.
An adoption expense
credit of up to $10,390 (for 2004) in the
Promoting adoption by enhancing the Adoption Expense
Tax Credit to better recognize the costs of adopting a child.
Families facing high costs of adopting a child may ask their CPA about the adoption expense
The IRS defines an eligible child as an individual who, at the time the adoption expense
is incurred, is (1) under 18 or (2) physically or mentally incapable of caring for himself.
PERKS - adoption expense
reimbursement, child care resources, community resources, elder care resources, employee health services, employee referral program, fitness facilities, flexible work arrangements, holidays, LifeWorks(R), matching gifts, mortgage/home financing, new employee resources, personal volunteer day, recognition services, Roads to Resolution, scholarships, STREGTHEN the Rock employment opportunities, tuition assistance, wellness programs, Work/Life award, work/life resources and WorkingSolutions.
23 to provide a nonrefundable $5,000 adoption expense
credit per child for qualified adoption expenses
(QAEs) paid or incurred by the taxpayer.
The company is also creating a new benefit to assist associates with adoption expenses