March 26, 2010

Adoption Tax Credit

Excerpt from Adoption Learning Partners...

Good news for adoptive families from the health care bill just signed into law March, 2010. Included in the bill were favorable changes to the Adoption Tax Credit. Our partners at Joint Council for International Children's Services summarize the changes as follows:

• The maximum credit was increased from $12,150 to $13,170
• The credit is extended through December, 2011.
• The credit was made refundable. If a family has no tax liability, the IRS will refund the amount due.
Read the bill's text yourself click here. (The Adoption Tax Credit is mentioned on page 903 of the 906 page bill.)

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