Which of the Following Statements Regarding the Adoption Expenses Credit

question 58

Multiple Choice

Which of the following statements regarding the adoption expenses credit is not true?

• A) The adoption expenses credit is a nonrefundable credit.
• B) The adoption expenses credit starts to be phased out in 2018 beginning when a taxpayer's modified AGI exceeds $207,140.
• C) No adoption expenses credit is a available in 2018 if a taxpayer's modified AGI exceeds $247,140
• D) The adoption expenses credit is limited to no more than $14,000 per eligible child in 2018.
• E) All of the above statements are true.

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Definitions:

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Compensation claimed by or awarded to a person as redress for a loss or injury.

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Privacy Act

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