Adoption costs must be included in the income


Benjamin and Jennifer are married and have AGI of $85,000 in 2011. They adopted a child during 2011 who does not have special needs while taking advantage of their employer's written adoption assistance program. They spent $15,000 in connection with the adoption, all of which was paid by the employer in accordance with the adoption plan. How much of the employer paid adoption costs must be included in their income?

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Accounting Basics: Adoption costs must be included in the income
Reference No:- TGS071531

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