In $2024,$ Brett and Molly pay $$14,000$ of qualified adoption expenses in connection with an adoption of an eligible child. Molly$$s employer reimburses them for $$4,000$ of those expenses. The adoption becomes final in $2024$ and Brett and Molly$$s modified adjusted gross income $($MAGI$)$ is $$111,500.$ Brett and Molly meet all the other requirements for the Adoption Credit. Therefore, what amount of the adoption expenses are allowable to claim for the Adoption Credit on their income tax return?

For $2024,$ the exclusion under IRC Section $135,$ regarding income from United States Series EE and I Savings Bonds for taxpayers who pay qualified higher education expenses, begins to phase out for modified adjusted gross income $($MAGI$)$ above what amount for joint returns?

A$.$ $$91,850$B$.$ $$106,850$C$.$ $$145,200$D$.$ $$167,800$