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John and Joan pay $16,500 of qualified adoption expenses in 2018 to finalize the adoption of a qualified child. Their AGI is $197,000 for 2018. What is their adoption credit for 2018?

a.$13,460
b.$0
c.$13,810
d.$16,500

1 Answer

4 votes

Answer:

Option "C" is the correct answer to the following statement.

Step-by-step explanation:

Tax deduction for adoptions is up to $13,810 per infant. The tax deduction for adoption is not a returnable benefit.

This is a one time credit for each child.

Eligibility for this credit:

At the point of adoption the child must be < 18

People with revenue varying from $207,140 to $247,140 that receive a part of the credit.

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