Angelina is single and has modified AGI of $275,000. She adopted a boy from San Antonio, Texas, and incurred a total of $16,000 in qualified adoption expenses. What is the amount of adoption credit she can take?

Question

Quizplus · Accepted Answer

Angelina's modified AGI exceeds the phase-out threshold for the adoption credit, which begins at $223,410 and is completely phased out at $263,410. Since her AGI is $275,000, she is not eligible for the adoption credit.

Angelina Is Single and Has Modified AGI of $275,000