What are the eligibility requirements for the adoption tax credit?
An example of an AI chatbot conversation about adoption tax credit eligibility.
What are the eligibility requirements for the adoption tax credit?
To qualify for the adoption tax credit, you must have adopted a child and incurred qualified adoption expenses.
What types of expenses can I claim for the adoption tax credit?
You can claim expenses like adoption fees, court costs, attorney fees, and travel expenses related to the adoption.
Is there an income limit to qualify for the adoption tax credit?
Yes, the adoption tax credit begins to phase out for taxpayers with modified adjusted gross incomes above a certain threshold.
How much is the adoption tax credit worth?
The adoption tax credit can be up to $14,440 per child for the tax year 2021, but this amount may change annually.
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