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 is the lesser of the qualified adoption expenses ($13,000) minus employer-provided benefits ($4,000), which equals $9,000.

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