Our Son's Non-Special Need
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Russian Adoption: Another side of the story
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 best news: This new tax law means that adoptive parents may apply up to $13,170 of their adoption expenses toward their taxes owed, thereby decreasing the amount owed overall by this amount. However, the news gets even better. For the first time, families may be getting cash back from the IRS for their adoption expenses. That's right, the credit may now be taken as a refund for the first time. In the event that the couple owes less than the tax credit amount stated, they may receive some or all of the balance as a refund on their Federal taxes.
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.
22 Sep 2015
Finally, after 25 years of waiting a sister is getting her wished about little brother
A foster care center where special needs children receive the medical care and attention they would not receive in an orphanage
Study done by McColl School of Business MBA Students to better understand adoptive parents concerns before, during and after the adoption process
Two book titles worth checking out
Giving back to their daughter's Guatemalan village through sustainable business practices
Providing community support to prevent orphans