Make sure you consult an experienced tax accountant if you are an adoptive family and have adopted. We receive a lot of inquiries around tax time. In order to claim an adoption tax credit you will need to provide a copy of your subsidy agreement if a foster adopt family as well as a copy of a certified order of adoption. If you have adopted through an agency or an attorney you will need have a copy of your verified accounting with all your expenses when filing for the tax credit as well as a copy of the certified adoption order.
The maximum credit allowed for the adoption tax credit for 2014 is $13,190. Phase outs do begin beginning with income levels of $197,880.