Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,899,645,041 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Qualified Adoption Expenses

    0.01 sec.
Qualified Adoption Expenses
In U.S. tax law, the expenses eligible for the adoption credit, which is a direct dollar-for-dollar reduction in one's tax liability for each child under the age of 18 that a taxpayer adopts. Qualified adoption expenses include attorney's fees, court costs, and traveling expenses. It is important to note, however, that expenses incurred while adopting one's spouse's child are not qualified adoption expenses.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
For 2008, the credit allowed for the adoption of a child with special needs is $11,650; (6) the maximum credit allowed for other adoptions is the amount of qualified adoption expenses up to $11,650.
Flexible Spending Accounts for Health Care and/or Dependent Care Reimbursement are available as well as adoption assistance for qualified adoption expenses.
A $10,000 credit is allowed in the year a special-needs adoption is finalized whether or not you actually have any qualified adoption expenses.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.