{"id":1343,"date":"2023-02-08T09:14:11","date_gmt":"2023-02-08T14:14:11","guid":{"rendered":"https:\/\/floridaadoptionattorney.com\/?p=1343"},"modified":"2023-02-12T03:42:35","modified_gmt":"2023-02-12T08:42:35","slug":"adoption-tax-credit-2023","status":"publish","type":"post","link":"https:\/\/floridaadoptionattorney.com\/blog\/adoption-tax-credit-2023\/","title":{"rendered":"Federal Adoption Tax Credit Increases To $15,950"},"content":{"rendered":"
The IRS issued Rev. Proc. 2022-38 on October 18, 2022, and the details of the Federal Adoption Tax Credit for adoptions finalized in 2023 are as follows:<\/span><\/p>\n For adoptions finalized in 2023 the maximum credit will be $15,950 and the maximum credit will begin to be phased out when the adoptive parents\u2019 Modified Adjusted Gross Income (MAGI) for 2023 is greater than $239,230, and they will not be entitled to any credit if their MAGI is equal to or greater than $279,230 for 2023.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Federal Adoption Tax Credit Increases To $15,950 The IRS issued Rev. Proc. 2022-38 on October 18, 2022, and the details of the Federal Adoption Tax Credit for adoptions finalized in 2023 are as follows: For adoptions finalized in 2023 the maximum credit will be $15,950 and the maximum credit will begin to be phased out … Continue reading Federal Adoption Tax Credit Increases To $15,950<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":1360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,9,18,13],"tags":[17,8,45],"sk_formats":[46],"class_list":["post-1343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-adoption","category-adoption-attorney","category-adoption-law","category-legal","tag-adoption","tag-adoption-attorney","tag-adoption-tax-credit","sk_formats-articles"],"yoast_head":"\n