2014 Adoption Credit Maximum Amount
The maximum 2014 adoption credit allowed for qualifying adoption expenses is $13,190 per child.
If you adopt a special needs child, you can claim the FULL $13,190 regardless of the amount of actual qualifying adoption expenses.
NOTE: The adoption credit is nonrefundable which means it cannot reduce your tax liability below zero. Any unused adoption credit can be carried forward for up to five tax years.
The adoption credit begins to phase-out when modified adjusted gross income (MAGI) exceeds $197,880. The adoption credit is completely phased out when MAGI reaches $237,880.