Credit for Qualified Adoption Expenses
GPTKB entity
Statements (26)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:tax_law
|
| gptkbp:administeredBy |
gptkb:Internal_Revenue_Service
|
| gptkbp:alsoKnownAs |
Adoption Tax Credit
|
| gptkbp:appliesTo |
gptkb:United_States_federal_income_tax
|
| gptkbp:availableOn |
adoption of individuals physically or mentally incapable of self-care
adoption of children under age 18 |
| gptkbp:carryForwardPeriod |
up to 5 years
|
| gptkbp:citation |
Internal Revenue Code Section 23
|
| gptkbp:compatibleWith |
adoption of spouse's child
|
| gptkbp:dateEnacted |
1997
|
| gptkbp:eligibleExpensesInclude |
travel expenses
attorney fees adoption fees court costs other expenses directly related to adoption |
| https://www.w3.org/2000/01/rdf-schema#label |
Credit for Qualified Adoption Expenses
|
| gptkbp:maximumLoanAmount |
$15,950 for tax year 2023
|
| gptkbp:notRefundable |
true
|
| gptkbp:phaseOutBeginsAt |
$239,230 modified adjusted gross income (MAGI) for 2023
|
| gptkbp:phaseOutEndsAt |
$279,230 MAGI for 2023
|
| gptkbp:publicLawNumber |
IRS Form 8839
|
| gptkbp:purpose |
to assist taxpayers with the cost of adopting a child
|
| gptkbp:subject |
income limits
|
| gptkbp:website |
https://www.irs.gov/taxtopics/tc607
|
| gptkbp:bfsParent |
gptkb:United_States_federal_income_tax
|
| gptkbp:bfsLayer |
7
|