ces Niles and Marsha adopted an infant boy (a U.S. citizen). They paid $19,500 in 2020 for adoption-related expenses. Th

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ces Niles and Marsha adopted an infant boy (a U.S. citizen). They paid $19,500 in 2020 for adoption-related expenses. Th

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Ces Niles And Marsha Adopted An Infant Boy A U S Citizen They Paid 19 500 In 2020 For Adoption Related Expenses Th 1
Ces Niles And Marsha Adopted An Infant Boy A U S Citizen They Paid 19 500 In 2020 For Adoption Related Expenses Th 1 (44.24 KiB) Viewed 18 times
ces Niles and Marsha adopted an infant boy (a U.S. citizen). They paid $19,500 in 2020 for adoption-related expenses. The adoption was finalized in early 2021. Marsha received $4,000 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 $243,000 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
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