Tuesday, October 2, 2012

Adoption Tax Credit to sunset Dec. 31

Sorry to trouble you with yet another political cause (in this election year, we're all approaching burnout!), but... our family was formed through adoption, so this issue hits home for me.  Literally.  Both of our babies-- two in two years' time, born right here in the USA-- came to us by means of adoption, for which my husband and I are more grateful than we can possibly express!!  And the process was expensive...  The Adoption Tax Credit, now set to expire, has been a welcome relief to us and other new adoptive parents.

In 2010 and 2011, the federal government offered an adoption tax credit that was fully refundable, meaning that the government would help adoptive parents with their adoption-related expenses regardless of tax liability. In 2012, however, the "refundability" expired; and the tax credit itself will sunset on Dec. 31.  Unless another law is passed, by 2013 only special-needs adoptions will qualify for a (greatly reduced!) measure of tax assistance.

"There are now bills in both the House (HR 4373) and the Senate (S 3616) that would accomplish the goal of an adoption tax credit that is inclusive, flat for special needs adoptions, refundable and permanent. We encourage you to ask your Representative to co-sponsor HR 4373 and both your Senators to co-sponsor S 3616."

If you have a few minutes, please help to Save the Adoption Tax Credit.  (Missouri residents:  Representatives Clay and Emerson are co-sponsoring HR 4373; and Senator Blunt introduced S 3616.  I'm not sure of where the others stand.)  Thank you, thank you, thank you!




A final, admittedly bitter thought:  We as a society will soon finance abortion and contraception-- while the adoption credit goes away?

2 comments:

  1. This is so sad . . . you make an excellent, but troubling point at the end . . .

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    1. Thanks, Sarah! I've been thinking of you... Btw, your "Letters to Mary" post is so lovely!!

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