Dear Family, Friends, and Followers:
On December 31, 2012, the current Adoption Tax Credit will reduce dramatically. Lawmakers have introduced several pieces of legislation in both the House and the Senate to extend this tax credit.
If legislation is not passed to extend the current tax credit, it will revert to the original amount: a $6,000 nonrefundable credit that may only be claimed by those individuals who are adopting special needs children. The current Adoption Tax Credit allows taxpayers to claim up to $13,360 for each child they adopt. While this may seem like a lot of money, it isn't compared to the cost of adoption. According to Adoptive Families magazine, the average cost of newborn domestic adoption in 2010 was around $30,000. Keeping the current tax credit in place will help those couples that adopt ensure a financially stable household for their children.
The good news is that this situation is entirely fixable - by YOU. I am asking all of you to please email, call, or visit your legislators and ask them to support these bills. (To find the names and contact information for your Senators and Representative, visit the websites of the U.S. Senate and the U.S. House.) Let them know you want the ATC extended and why. Tell them about how it will benefit the thousands of couples who adopt each year, especially those of us who are middle class and who have worked hard to be able to afford adoption. Tell them our story - about how we spend nearly $15,000 out of our own pocket on medical expenses, and how having this tax credit will benefit our future child. It only takes a few minutes out of your day to do this. After you've contacted your Senators and your Representative, please pass this message on to others. The more people who write and call, the better the odds of getting these bills passed.
Thank you in advance for all of your support, and for advocating for us and other adoptive parents to your legislators.