Maria and Vincent,whose modified AGI is $169,000,adopted a little girl from Mexico which was finalized in 2017.They incurred a total of $16,000 in qualified adoption expenses.What is the amount of adoption credit they can claim in 2017?

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Quizplus · Accepted Answer

The adoption credit for 2017 is $13,570 and is subject to income phaseout. Because Maria and Vincent's modified AGI is $169,000, their credit will be reduced by $6,000 ($175,000 - $169,000 = $6,000), making the total credit they can claim $13,570.

Maria and Vincent,whose Modified AGI Is $169,000,adopted a Little Girl