Help save the Adoption Tax Credit 2012-2013!!

Thursday, January 26, 2012

Help Save the Adoption Tax Credit for
2012-2013!!!
Please
help us save the adoption tax credit for 2012 - 2013. For many families the cost
of an expensive adoption is what keeps them from bringing home a child - this
tax credit helps alleviate some of the cost, but in 2012 it starts to diminish.
The Senate Finance Committee is about to vote on "S. 82, the Adoption Tax Credit
Guarantee Act" and we are petitioning for them to vote YES to save the adoption
tax credit.ABOUT THE CREDIT:The average cost to adopt a child is any
where from $25k- $35k or more. Currently, for the 2011 Tax Year Adopting
families are eligible for:• A maximum of $13,170 for 2011 returns • Fully
refundable as long as the adoption is initiated in 2011 or before, and finalized
before the end of 2012 (domestic) or was finalized in 2011
(international)But in 2012 the Tax Credit is going to change: • A maximum of
$12,170 for 2012 returns only, non-refundableIn 2013 it all goes away, no
tax credit at all.We are working with politicians and petitioning to extend
the tax credit as currently stated in the Patient Protection and Affordable Care
Act, so that more money is available to families allowing them provide a
financially stable home to the adopted child.TO HELP:1. To help save the
credit, it only takes a minute. Visit this website & add your name to the
petition:http://www.change.org/petitions/make-adoption-costs-fully-refundable-in-the-2012-2013-tax-years2.
Please consider sending this letter to your adoptive families, as they will be
greatly impacted by the success or failure to keep the adoption credit