The Internal Revenue Service has posted draft instructions for the 2014 Form 8839, Qualified Adoption Expenses, to its website. A copy is also available here. Form 8839 is used to calculate adoption credits and figure out any employer-provided benefits for adoption that can be excluded from income, the IRS said.
The instructions provide information about the 2014 maximum adoption credit of $13,190 per eligible child. The amount phases out for taxpayers with a modified adjusted gross income of more than $197,880 and is completely phased out for taxpayers with a MAGI above $237,880, the IRS said.
The Internal Revenue Service has posted draft instructions for the 2014 Form 8839, Qualified Adoption Expenses, to its website. A copy is also available here. Form 8839 is used to calculate adoption credits and figure out any employer-provided benefits for adoption that can be excluded from income, the IRS said.
The instructions provide information about the 2014 maximum adoption credit of $13,190 per eligible child. The amount phases out for taxpayers with a modified adjusted gross income of more than $197,880 and is completely phased out for taxpayers with a MAGI above $237,880, the IRS said.
The Internal Revenue Service has posted draft instructions for the 2014 Form 8839, Qualified Adoption Expenses, to its website. A copy is also available here. Form 8839 is used to calculate adoption credits and figure out any employer-provided benefits for adoption that can be excluded from income, the IRS said.
The instructions provide information about the 2014 maximum adoption credit of $13,190 per eligible child. The amount phases out for taxpayers with a modified adjusted gross income of more than $197,880 and is completely phased out for taxpayers with a MAGI above $237,880, the IRS said.
