Adoption expense credit refundable or not?

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  • #173542
    helen2012cpa
    Member

    Wiley text book question # 200 says Adoption expense credit is non refundable but in the notes page 468 it says it is refundable. What am i missing? I think my mind is freezing from all day reading……….

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  • #364431
    jokami
    Member

    For 2012 the Adption Credit will be available but will NOT be refundable and the maximum credit per child will be $12,650, adjusted upwards for inflation…

    B - 62, 70, 72, 79!!!
    A - 68, 81
    R - 70, 82
    F - 84

    "The limit to your abilities is where you place them" - Fortune Cookies

    #364432
    jokami
    Member

    Here, maybe this might help you…

    https://www.irs.gov/taxtopics/tc607.html

    https://www.irs.gov/individuals/article/0,,id=231663,00.html

    B - 62, 70, 72, 79!!!
    A - 68, 81
    R - 70, 82
    F - 84

    "The limit to your abilities is where you place them" - Fortune Cookies

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