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Adoption assistance and adoption tax credit
Here is something to remember on the adoption tax credit and adoption assistance from your employer. If your employer pays $10,000 toward your adoption and your total eligible expenses are $10,000, you can't use the adoption credit. If your employer pays $10,000 toward your adoption and your total eligible expenses are $15,000, you can use only $5,000 of the tax credit. In other words, your total employer assistance and tax credit can not exceed your actual expenses. I hope this makes sense.
Kevin
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