Bill Introduced to Make Adoption More Affordable for Families

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Adoption Tax Credit Refundability ActU.S. Senators Roy Blunt (Mo.), Bob Casey (Pa.), and James Inhofe (Okla.) recently announced the Adoption Tax Credit Refundability Act.

This proposed Senate legislation makes the current adoption tax credit fully refundable. Doing so ensures that more families have the opportunity to receive benefit from the adoption tax credit.

From the United States Senate press release on June 10, 2019:

The adoption tax credit was made permanent in the American Taxpayer Relief Act in January 2013. However, that law did not extend the refundability provisions that applied to the adoption tax credit in 2010 and 2011. The Adoption Tax Credit Refundability Act would restore the refundable portion of this critical support for families wishing to adopt.

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Getting more children into permanent homes also benefits taxpayers. The cost of adoption and permanency is significantly lower than the cost to federal, state and local governments to provide long-term foster care.

You can find your senator at this link and ask them to represent your interests by supporting The Adoption Tax Credit Refundability Act.

 

12/06/2019 | by News | Categories: Adoption, Adoption News | 0 Comments



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