Adoption Tax Credit Update

Source of this information comes from the "Save the Adoption Tax Credit" Facebook page: "The IRS has released the official inflation-adjusted numbers for 2013. The maximum adoption tax credit for 2013 is $12,970. The credit begins to phase out for taxpayers with a modified adjusted gross income of $194,580, and the credit will phase out completely at $234,580." It is reported that the amount can be spread out over 5 years of tax returns.