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A tax credit is allowed for qualified adoption expenses paid by taxpayers: a. And is available each year qualifying expenses are incurred. b. And an income exclusion is allowed for qualified adoption expenses paid for by taxpayers’ employers. c. And is not subject to a phase-out based on adjusted gross income. d. And an additional credit is allowed for qualified adoption expenses paid for by taxpayers’ employers.

Respuesta :

Nyctalus

Answer:

Option B                                  

Explanation:

In the Western hemisphere, eligible adoption expenses (QAE) refers to those expenditures which are described as reasonable and appropriate by the Financial services authority , namely adoption fees, court costs, solicitor fees, transport costs as well as other expenditures specifically related to adopting.

Travelling allowances while away from home due to office projects and re adoption charges are some of the many examples of such expenditures.

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