Niles and Marsha adopted an infant boy (a U.S. citizen). They paid $15,750 in 2020 for adoption-related experises. The a

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Niles And Marsha Adopted An Infant Boy A U S Citizen They Paid 15 750 In 2020 For Adoption Related Experises The A 1 (25.99 KiB) Viewed 70 times

Niles and Marsha adopted an infant boy (a U.S. citizen). They paid $15,750 in 2020 for adoption-related experises. The adoption was finalized in early 2021. Marsha received $3,250 of employer-provided adoption benefits. For part (a), assume that any adoption credit is not limited by modified AGI or by the amount of tax liability Required: a. What amount of adoption credit, if any, can Niles and Marsha take in 2021? b. Using the information in part (a), assume that their modified AGI was $228,000 in 2021. What amount of adoption credit is allowed in 2021? Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount. Amounts a. Amount of adoption credit b. Amount of adoption credit