What ADOPTION CREDIT means: A nonrefundable credit for qualified adoption expenses incurred for each eligible child. The limit on the credit is indexed to inflation. For current figures, see our Adoption Assistance rate table. The limit is a per-child limit, not an annual limit. Any unused credit can be carried forward for five years or until used. For special needs children the full credit is allowed, regardless of the amount of actual expenses.
- Definition Annuity:
- Dictionary to a person at specified intervals for a specific period of time or for life. The amouont may be fixed or variable. Payments represent a partial return of capital and a return on the capital adoption credit definition.
- Definition Away From Home Overnight:
- Dictionary For purposes of deducting travel expenses, a trip away from one's tax home for a period longer than an ordinary work day, during which time one is released from duty to obtain rest adoption credit explain.
- Definition Accelerated Cost Recovery System (ACRS):
- Dictionary depreciation mainly used for property placed in service after 1980 and before 1987. ACRS is also used for certain property placed in service after 1986 that is acquired from a related party who used adoption credit what is.
- Definition Alternative Minimum Tax (AMT):
- Dictionary computing tax under which some of the income and deductions reported on the forms and schedules filed with your tax return are figured differently or disallowed. For example, interest on certain tax adoption credit meaning.
How works Adoption Credit meaning in Tax definitions A .
