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Congress Extends Adoption Tax Credit

The credit was included in the bill to avert the fiscal cliff, which was signed on Jan. 2.

  • The amount has not yet been confirmed, but the maximum for 2013 will be about $12,720.
  • The credit will remain flat for special needs.
  • The credit is not refundable for 2012 and beyond.

The complete language of the American Taxpayer Relief Act is available here.

 

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