Friday, April 2, 2010

Huge, Wonderful, Awesome news for adoptive families

  I copied and pasted this from Rainbowkids.com(my favorite adoption ezine).  This will help even more families be able to adopt. 

With the signing of the new health care bill, adoptive parents received some very welcome news. Not only will the adoption tax credit be extended until December 2011, but it has also been increased from $12,170 to $13,170 for adoptions occurring after January 2010. And for the first time, the credit will now be refundable. Families may receive a refund for documented expenses for the adoption of their child.
The tax credit is important to both international and domestic adoptive families, but it's greatest beneficiaries are the children who will now have permanent families thanks to adoption being more affordable. Many groups and individuals have successfully lobbied to help extend this tax credit beyond its original expiration date of December 2010, and are still seeking to make the tax credit permanent. As we celebrate the extension of the deadline to December 2011, we must also remain vigilant in seeking to make this legislation a lasting gift to the children who wait.

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