American_Bankers_Association
CTFA · Question #58
An adoption tax credit of up to $11650 is available for the qualifying costs of adopting child under age 18. Only taxpayers with AGI under $17,730 are eligible for the adoption tax credit. Here are…
The correct answer is B. National tax credit. See the full explanation below for the reasoning.
Taxation
Question
An adoption tax credit of up to $11650 is available for the qualifying costs of adopting child under age 18. Only taxpayers with AGI under $17,730 are eligible for the adoption tax credit. Here are some other common tax credits. Which of the following is/are Not out of those?
Options
- ACredit for the elderly or the disabled
- BNational tax credit
- CCredit for prior year minimum tax
- DCredit for qualified electric vehicle
How the community answered
(63 responses)- A3% (2)
- B83% (52)
- C5% (3)
- D10% (6)
Topics
#tax credits#adoption credit#AGI limits#credit eligibility
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