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adoption credit

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Financial Dictionary

Adoption Credit

A per-child tax credit for adopting a child under 18.

Investopedia Commentary

The limit is higher if it's determined that the adopted child has special needs.

Related Links

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See also: Child Tax Credit, Earned Income Credit, Education IRA, Exempt Income, Exemption, Expense, Qualified Adoption Expenses, Tax Credit

Also spelled: Adoption benefit, Adopting credit, Adopting benefit, Adopting tax credit, Adoption tax credit, Adoption tax benefit

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