Adoption Tax Credit
GOP Tax Plan: Adoption Back In, Foster Youth Jobs Bill Still At Risk
As reported here last week, the Adoption Tax Credit was slated for repeal last week when the Republican tax plan was unveiled. After a flurry of lobbying from pro-adoption and pro-life groups, ATC is off the chopping block.
GOP Tax Plan Would Eliminate Adoption Tax Credit
The House Ways and Means Committee released details of the new Republican-led tax plan, which makes two significant changes that would lessen the benefits available to adoptive parents. The first change is a complete elimination of the Adoption Tax Credit (ATC), a one-time tax benefit available for parents who adopt from foster care, internationally and through private domestic adoptions.
Yes, the Adoption Tax Credit is for Foster Care Adoptions
Many people have been told they do not qualify for the Adoption Tax Credit because they had no expenses. This is simply not true! Have you adopted from the foster care system?
Capitol View on Kids: Deal to be Made on 2013 Budget?
In Washington there are regular reports of senators meeting to create a budget compromise that could be taken up after the election. Some of the discussions are more public than others, and it is uncertain how much of it will turn into real action.