Adoption Update

The most up-to-date adoption news

President Obama wants to extend the Adoption Tax Credit for 2012

Under current law, the adoption tax credit is not refundable in 2012 or beyond and, beginning in 2013, would apply only to people who incur qualified adoption expenses in the process of adopting a child with special needs. However, President Obama’s fiscal year 2013 budget proposal would make the tax credit permanent for all adoption types, and maintain the maximum credit regardless of expenses for families who adopt children with special needs. In addition, the budget proposes making the adoption tax credit refundable for both 2012 and 2013.

Congress has not yet introduced legislation that would extend refundability of the credit, but NACAC is working to enlist members of Congress to sponsor such a bill and will alert our network as soon as there is legislation to lobby for.

Wonderful news! I found this information here.

Advertisements

February 28, 2012 - Posted by | Uncategorized | , , ,

2 Comments »

  1. Carrie Hunter from Houston Texas,,,,,I AM A SINGLE grandma trying to raise my grandsons on my income alone,,,,was Hoping to be able to utilize this refundable tax credit to buy them beds,that they have never had and a basketball goal,,along with clothing. PLEASE RECONSIDER MR.PRESIDENT…..

    Comment by carrie hunter | September 29, 2012 | Reply

  2. I adopted two little girls last year. I’ve had them since 2008. They are sisters. The oldest was ten months and the youngest was eleven days old when I took them in. They was up for adoption in 2012. I adopted them August 8 2012. They are now four and five..I am a single one income family who could use the refundable tax credit to help out. We could use another bedroom and bathroom.. I’m praying that the refundable tax credit will be included in the budget
    For 2012 also. Please consider. This would be an answer to my prayer and Maybe Gods way of doing it……

    Comment by Hazel odister | February 24, 2013 | Reply


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: