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Do i have to report adoption subsidy?

 
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Do i have to report adoption subsidy?

An adoption subsidy is not considered to be taxable income for Federal purposes.  However, any portion of Adoption expenses that are paid with the subsidy cannot be claimed as amounts paid for the Adoption Credit.

"Topic Number 607 - Adoption Credit and Adoption Assistance Programs Tax benefits for adoption include both a tax credit for qualified adoption expenses paid to adopt an eligible child and an exclusion from income for employer-provided adoption assistance. "

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