Tip - IRS Releases 2013 Form 8839 (Qualified Adoption Expenses) and Instructions - Crawford Advisors

Published  | Submitted by T 3 GORE

from EBIA The IRS has released the 2013 version of Form 8839 (Qualified Adoption Expenses), as well as updated instructions. Taxpayers use Form 8839 to claim the adoption credit, an exclusion for employer-provided adoption benefits, or both. There are several noteworthy changes to the 2013 form and instructions, as follows: The maximum adoption credit and exclusion amounts have been adjusted to reflect their 2013 values ($12,970 per eligible child). Both the credit and exclusion begin to be phased out for individuals with modified adjusted gross incomes greater than $194,580 and are phased out entirely for individuals with modified adjusted gross incomes of [...]

About Author

More by T 3 GORE

About This Tip

Posted: 9 years, 4 month(s) ago

114 Reads
0 Votes