In 2019, Kathy and Jeff paid $2,500 of qualified domestic adoption expenses. The adoption did not become final until 2020, and they paid an additional $3,100 in qualified expenses that year. Their modified adjusted gross income was $165,000. What is the maximum amount they may be eligible to claim for the Adoption Credit on their 2020 return

Question

03-12-2021
Business

contestada

In 2019, Kathy and Jeff paid $2,500 of qualified domestic adoption expenses. The adoption did not become final until 2020, and they paid an additional $3,100 in qualified expenses that year. Their modified adjusted gross income was $165,000. What is the maximum amount they may be eligible to claim for the Adoption Credit on their 2020 return

Respuesta :

Otras preguntas

A distance of 1.0 × 10^−2 meter separates successive crests of a periodic wave produced in a shallow tank of water. If a crest passes a point in the tank every

Experiments revealed the following information about a certain molecule: It can be broken down into amino acids. It can break down proteins into amino acids. It

Which explains the basis of the Biuret test? Sudan III dye binds to lipids and changes color. Iodine fits into the coils of starch polymers and changes color. A

What mountain range prevents moisture from the summer monsoon winds from reaching the interior of the subcontinent? a. Karakorum Range c. Eastern Ghats b. Hi

what is the greatest common factor of 27,36,72

27 book and chares has 2/3 more and him has time books altogether

A 75-kilogram bicyclist coasts down a hill at a constant speed of 12 meters per second. What is the kinetic energy of the bicyclist? (1) 4.5 × 10^2 J (3) 5.4 ×

Which motion occurs at a rate of approximately one degree per day?

Which element has atoms with the greatest attraction for electrons in a chemical bond? (1) beryllium (3) lithium (2) fluorine (4) oxygen

A 25-newton weight falls freely from rest from the roof of a building. What is the total distance the weight falls in the first 1.0 second? (1) 19.6 m (3) 4.9 m

topeadeniran2 topeadeniran2 · Answer 1 · 2021-12-15T23:25:40+01:00

Based on the information given, it can be noted that the maximum amount that can be claimed for the adoption will be $14080.

It should be noted that taxpayers who adopt a child qualifies for the adoption of tax credit. The maximum adoption tax credit is $14080 pee child.

The adoption tax credit is subject to phase out. Since the modified gross income is below $211160 as it's $165,000, the amount that'll be claimed is $14080.

Learn more about adoption tax on:

https://brainly.com/question/25445611