Adoption Benefits Increased for 2007
Adoption Benefits Increased
For 2007, the maximum adoption credit has been increased to $11,390. Also, the maximum exclusion from income for benefits under your employer's adoption assistance program has increased to $11,390. These amounts are phased out if your modified adjusted gross income (MAGI) is between $170,820 and $210,820.
Unfortunately, you cannot claim the credit or exclusion if your MAGI is $210,820 or more.