Waylon and Jonah adopted a child with special needs in a domestic adoption. They had $10,400 in adoption expenses in 2022, and the adoption was finalized on December 18, 2022. Their MAGI is $101,550. What is the maximum adoption credit they can claim in 2022? $10,400 $14,890 $15,400 $15,950

Waylon and Jonah adopted a child with special needs in a domestic adoption. They had $10,400 in adoption expenses in 2022, and the adoption was finalized on December 18, 2022. Their MAGI is $101,550. What is the maximum adoption credit they can claim in 2022? $10,400 $14,890 $15,400 $15,950

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter7: Tax Credits

Section: Chapter Questions

Problem 18MCQ

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Question

Waylon and Jonah adopted a child with special needs in a domestic adoption. They had $10,400 in adoption expenses in
2022, and the adoption was finalized on December 18, 2022. Their MAGI is $101,550. What is the maximum adoption credit
they can claim in 2022?
$10,400
$14,890
$15,400
$15,950

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