Max and Nora have modified AGI of $75,000,and adopted a little boy from San Antonio,Texas,in the current year and incurred a total of $13,000 in qualified adoption expenses.In addition,Max's employer provided the couple with adoption benefits of $4,000.What is the maximum amount of adoption credit they can take this year?

Question

Quizplus · Accepted Answer

The maximum adoption credit for 2023 is $15,950. Max and Nora incurred $13,000 in expenses and received $4,000 from their employer, leaving $9,000 in expenses they can claim for the credit.

Max and Nora Have Modified AGI of $75,000,and Adopted a Little