Brian and Joy are divorced. Their divorce settlement agreement signed on June 1, 2017, states Brian must pay Joy $1,000 per month for child support and $1,000 per month for alimony. Joy's child support payments are:

Considered alimony.

Fully taxable.

Nontaxable.

Partially taxable.

Devan and Amber adopted a child with special needs in a domestic adoption. They had $5,500 in qualified adoption expenses in 2022, and the adoption was finalized on December 18, 2022. Their modified adjusted gross income is $210,000. Assuming all requirements are met, what is the maximum adoption credit they can claim in 2022?

$5,500

$14,300

$14,890

$20,390

If a taxpayer files their return claiming an education credit for the full amount of a student's qualified education expenses and later receives a refund from the institution, what advice will you give to the taxpayer?

All credits will be reduced in future years.

Any future education credits will be disallowed.

There is no tax consequence.

They will have to recapture (pay back) some of the credit claimed.

Taxpayers who acquire qualifying commercial vehicles, weighing under 14,000 pounds, after December 31, 2022, through December 31, 2032 may qualify for the Credit for Qualified Commercial Clean Vehicles on the 2023 tax return. What is the maximum credit per vehicle?

$3,750

$4,000

$5,000

$7,500