The maximum amount that may be excluded from an employee’s gross income for the adoption of a special needs child through an adoption assistance program is $15,950. That amount is the same as what may be excluded from that employee’s gross income for expenses incurred by an employer for qualified adoption expenses within the program.
The available adoption credit begins to phase out for taxpayers with modified adjusted gross income in excess of $239,230 and is completely phased out for taxpayers with modified adjusted gross income of $279,230 or more.
2023 qualified small employer health reimbursement arrangement (QSEHRA) limits
Hayden is a content marketer at WEX. Hayden joined WEX in 2017 after nearly 15 years in journalism as an editor, writer, and designer. He's focused on developing thought leadership content to support the needs of those who depend on WEX.
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