The Federal Adoption Tax Credit

The adoption tax credit went into effect in 1997 as part of the 1996 Small Business Jobs Protection Act. It was due to expire in 2001 but was extended as part of the Economic Growth and Tax Relief Reconciliation Act of 2001 which also upped the credit from $5,000 to $10,000. However, this credit is due to expire on December 31, 2010 unless Congress takes action.

As you all know adoption is very expensive. I won't go into specifics but the cost is far more than the $10,000 credit. This tax credit helps make a significant financial burden a little bit easier not just for us but for other adoptive families as well.

There are several bipartisan proposals that have been introduced in both the House and Senate that will extend this tax credit. S 2816 and HR 213 introduced in the Senate by Sen. Jim Bunning and Sen. Ben Nelson and in the House by Rep. Joe Wilson, would make the tax credits permanent and expand the current credit. Please write your Senators and Representatives to urge them to vote for these proposals. Click on the widget below to be taken to a website that will direct you to your Representative.

Click here for more information on the Federal Adoption Tax Credit courtesy of the National Council for Adoption.







Now for the update.

As of 3/11/2010 here's our "non special needs" wait statistics:

Referred through: 4/11/2006
Current wait: 47 months
Projected referral date: 4/13/2013
Projected months remaining to referral: 37


Remember, these are simple projections based on extrapolating the current wait forward. Check out the Rumor Queen (link at top) for more thorough projections.