What are the Adoption Assistance Limit Maximums for 2010?

The maximum amount that may be excluded from an employee's gross income under an employer-provided adoption assistance program (under Code Section 137 ) for the adoption of a child will be $12,170 for 2010 (a $20 increase from 2009).

In addition, the maximum adoption credit allowed to an individual (under Code Section 23 ) for the adoption of a child will be $12,170 for 2010.

Both the exclusion and the credit will begin to be phased out for individuals with a modified adjusted gross income greater than $182,520 ($340 higher than 2009), and will be entirely phased out for individuals with a modified adjusted gross income of $222,520 or more (also $340 higher than 2009).

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