adoption credit

adoption credit definition - finance
A tax credit given by the Internal Revenue Service for expenses incurred in the adoption of a child. For 2002, the tax credit was $5,000 per child, unless the child has special needs, in which case the credit was $6,000.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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