To: President Donald Trump, The United States House of Representatives, and The United States Senate
Save the Adoption Tax Credit
The adoption tax credit, which can be claimed for eligible adoption-related expenses, has helped thousands of American families offset the high cost of adoption since the credit was established in 1997. Since 2003, families that adopted children with special needs could claim the full credit regardless of their qualified adoption expenses. The credit has made adoption a more viable option for many parents who might not otherwise have been able to afford adoption, allowing them to provide children with loving, permanent families. With more than 100,000 children in U.S. foster care available for adoption, and countless millions of orphaned and abandoned children around the world, the continuation of the adoption tax credit is vital to providing love, safety, and permanency to as many children as possible.
We hope you will join us in our advocacy effort.
Our goal is have an adoption tax credit that is:
Inclusive: Children, whether adopted from foster care, through intercountry adoption, or through private domestic adoption should be able to benefit from the adoption tax credit.
Permanent: The adoption tax credit should become a permanent part of the tax code to ensure continued support to those who bring children into families through adoption.
Refundable: The adoption tax credit should be refundable to ensure that families with moderate and lower incomes receive the full benefit of the credit.
Flat for Special Needs: All families who adopt a child with special needs should be eligible for a “flat” tax credit, meaning they can claim the maximum credit without documenting expenses. This distinction, which is already in current law, recognizes the fact that many of the expenses associated with adopting children with special needs show up after an adoption is finalized.
Why is this important?
The Adoption Tax Credit has helped families offset high costs for years. Signing this petition will ensure that the refundable tax credit is renewed. It is set to sunset at the end of 2012 and move to a non-refundable credit. In 2013 it will be cut in half and only available for special needs adoptions. We need your help to make it permanent and refundable for all Americans adopting.
We are in the process of adopting a child. The cost of adoption can range from a few thousand dollars to over $50,000! Having the Adoption Tax Credit available for families, helps in more ways that just financially to the family adopting. By helping people who might not otherwise be able to afford the costs of adoption; foster care children will be reduced, the need for orphanages in the future will be eliminated/reduced, abortions will go down and mother's keeping kids they cannot afford and thereby increasing welfare to them will also go down. This is a win/win for humanity, tax payers and for the government.
Thank you adoptiontaxcredit.org for providing info to better address the needs of the credit to be extended.