Here’s How To Cash In On The $13,360 Per Year Adoption Tax Credit

by Noelia de la Cruz

Adoptive parents will be getting an even bigger tax credit this year.

Parents will be able to receive as much as $13,360 per child, a $190 increase from last year. The adoption tax credit was extended in 2010 through 2012 as part of President Obama’s Affordable Care Act.

The refund is the biggest tax credit offered by the Internal Revenue Service.

Parents with a modified adjusted gross income of more than $185,210 [...]