As I discuss adoption with families, they always ask me for financial resources and planning. I encourage our families, especially right now, to look into the adoption tax credit. The current adoption tax credit can be a possibility for families with adoptions finalized by December 31, 2012. If Congress does not keep this tax credit (currently at $12,650), the amount will drop to $6,000 and apply only to a small number of special needs adoptions; there will not be an adoption tax credit for most adoptions. Learn more about the adoption tax credit here.
GWCA/CAN wants our families to feel comfortable and happy adopting. You can make a difference and reach out to your representative about extending the adoption tax credit! Find your representative here. Also, check out this statement backed by two Congress people.
I hope to see this tax credit go through for our families….that would be wonderful!
Adoption Consultant/Outreach and Promotions Manager