Asked by kash
Benjamin and Charlotte adopted a child. The adoption became final on December 1, 2024. Their adoption expenses included $6,400 in attorney fees, $2,780 in court costs, and $982 in traveling expenses. The child is a U.S. citizen and is not a special needs child. They did not receive any reimbursement from their employer for adopting the child. Their modified adjusted gross income is $192,000 and their tax is $25,922. Assuming all other requirements are met, what is the amount they can claim for the Adoption Credit on Form 8839, line 16?
All Answers 1
Answered by
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Total qualified expenses = $6,400 + $2,780 + $982 = $10,162.
Because the child is a U.S. citizen, they received no reimbursement, their MAGI ($192,000) is below the 2024 phaseout range, and their tax ($25,922) is larger than the credit, they can claim the full qualified expense amount.
Amount on Form 8839, line 16 = $10,162.
Because the child is a U.S. citizen, they received no reimbursement, their MAGI ($192,000) is below the 2024 phaseout range, and their tax ($25,922) is larger than the credit, they can claim the full qualified expense amount.
Amount on Form 8839, line 16 = $10,162.
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