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Adoption Tax Credits Michael L. DeVries, CFP ® , CHBC, EA Personal e-mail -  [email_address] Office – www.vmde.com
Question Why Adopt?
His Heart, Our Call ,[object Object],[object Object],[object Object]
 
 
Note of Change in the  Adoption Credit ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Federal Tax Credit ,[object Object],[object Object],Year Credit Note 2010 $13,170 Refundable 2011 $13,360 Indexed; Refundable 2012 12,170 Not Refundable
Qualified Adoption Expenses ,[object Object],[object Object],[object Object],[object Object],[object Object]
Qualified Adoption Expenses ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Qualified Adoption Expenses ,[object Object],[object Object]
Qualified Adoption Expenses ,[object Object],[object Object]
Eligible Child ,[object Object],[object Object],[object Object]
Special Needs Child ,[object Object],[object Object]
Employer Adoption Assistance ,[object Object],[object Object]
When to Claim the Credit ,[object Object],[object Object]
Example ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
When to Claim Exclusion ,[object Object],[object Object]
Refundable vs. Nonrefundable ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Income Limits ,[object Object],[object Object],Year Starts No Credit Over 2009 $182,180 $222,180 MAGI 2010 $182,500 $222,520 MAGI 2011 $185,210 $225,210 MAGI
How to Claim ,[object Object]
How to Claim ,[object Object],[object Object],[object Object],[object Object]
How to Claim ,[object Object],[object Object],[object Object]
How to Claim ,[object Object],[object Object],[object Object],[object Object]
How to Claim ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
How to Claim ,[object Object],[object Object],[object Object],[object Object]
How to Claim ,[object Object]
Dependency Deduction and Other Benefits ,[object Object],[object Object],[object Object],[object Object]
State of Michigan  Adoption Tax Credit ,[object Object],[object Object]
State of Michigan  Adoption Tax Credit ,[object Object],[object Object]
Adoption Tax Credit ,[object Object],[object Object]

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2010 Adoption tax credit

  • 1. Adoption Tax Credits Michael L. DeVries, CFP ® , CHBC, EA Personal e-mail - [email_address] Office – www.vmde.com
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Editor's Notes

  1. Brother Jeff – story
  2. IRS announced that carryovers of unused credits to 2010 from prior years would qualify as a refundable credit in 2010