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Tax Information
Tax credits of up to $10,390 for qualified adoption expenses
are available for those adopting an eligible child. This adoption
credit reduces you tax liability one dollar for every dollar paid
in qualifying adoption expenses. Qualified expenses include adoption
fees, court costs, attorney fees, travel expenses, and other expenses
directly related to the legal adoption of a child.
There is an income limit on the adoption tax credit
based on your modified adjusted gross income (modified
AGI). If your modified AGI is over $150,000, the amount
of your tax credit will be reduced.
For more information:
* To order forms and publications call
1-800-TAX-FORM (829-3676) or go to http://www.irs.ustreas.gov
(Publication 968 is a detailed explanation called Tax Benefits for
Adoption)
* To get answers to tax questions call
1-800-829-1040.
The National Adoption Foundation
The National Adoption Foundation provides financial support, information,
and services including grants, and also offers unsecured loans through
MBNA America to assist with adoption expenses.
For general information and information about the grant program,
call the National Adoption Foundation at 203-791-3811, or send a
fax to 203-791-3801. You may mail correspondence to:
National Adoption Foundation
100 Mill Plain Road
Danbury, CT 06811
For information about obtaining an unsecured loan through the
NAF GoldOption, contact MBNA America at 1-888-627-8767.
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