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Niles and Marsha adopted a little boy (a U.S. citizen). They paid $16,250 in 2015 for adoption-related expenses. The adoption was finalized in early 2016. Marsha received $3,350 of employer-provided adoption benefits. For question (a) assume that any adoption credit is not limited by modified AGI or by the amount of tax liability. What amount of adoption credit, if any, can Niles and Marsha take in 2016? Using the information in (a), assume that their modified AGI was $212,000 in 2016. What amount of adoption credit is permitted in 2016?
A. a. Amount of adoption Credit = ?
b. Amount of adoption Credit = ?
A sinlge parnet with a modified AGI of $77058 and 3 kids is allowed _______________ in child tax credit?
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