The following is information that was sent to me by our adoption agency. I wanted to share it with you because adoption is so dear to my heart. I couldn't imagine my life without our son Logan and unfortunately for loving families wanting to adopt in the future it is going to become incredibly difficult when it comes to figuring out how to afford the process as the Adoption Tax Credit is set to expire. It would limit the amount of families able to adopt and therefore limit the number of stable, loving homes for many children. Please read the article below and click on the link to sign the petition. Once you sign it gives you the option to share it on Facebook too. Share this on your blog by linking to my post or email everyone you know to sign. Please help me spread the word! Thank you!
The average adoption in America costs between $25,000-$35,000. For the 2011 Tax Year adopting families are eligible for a maximum of $13,170 for 2011 returns. But in 2012, the Tax Credit will change to offer a maximum of $12,170 for 2012 returns only. The 2012 Adoption Tax Credit will not be refundable for adoptions initiated after 2011, which means that many families may not get any of their adoption costs back and may possibly be prevented from adopting a child at all.
As of 2013, the Adoption Tax Credit goes away all together. At change.org, you can sign a petition to extend the tax credit as currently stated in the Patient Protection and Affordable Care Act. Ultimately, extending the Adoption Tax Credit means that more children can be adopted, and can be adopted into financially stable homes.
Currently, a bill has been proposed to create a permanent Adoption Tax Credit. You can track and read the bill here. Most, recently it was referred to the Senate Committee on Finance. There are also several key politicians to consider writing to.
The following Congressmen are sponsors of this bill. If you reside in one of these states, consider sending them a letter or other communication of support: Richard Burr [R-NC], Robert Casey [D-PA], Thad Cochran [R-MS], Kirsten Gillibrand [D-NY], Kay Hutchison [R-TX], Mike Johanns [R-NE], Tim Johnson [D-SD], Amy Klobuchar [D-MN], Pat Roberts [R-KS] and John Thume [R-SD].
You may also consider sending communication of support to the members of the Senate Committee on Finance: Max Baucus [D-MT], Orrin Hatch [R-UT], Jeff Bingaman [D-NM], Richard Burr [R-NC], Maria Cantwell [D-WA], Benjamin Cardin [D-MD], Thomas Carper [D-DE], Thomas Coburn [R-OK], Kent Conrad [D-ND], John Cornyn [R-TX], Michael Crapo [R-ID], Michael Enzi [R-WY], Charles Grassley [R-IA], John Kerry [D-MA], Jon Kyl [R-AZ], Robert Menendez [D-NJ], Bill Nelson [D-FL], Pat Roberts [R-KS], John Rockefeller [D-WV], Charles Schumer [D-NY], Olympia Snowe [R-ME], Debbie Ann Stabenow [D-MI], John Thume [R-SD] and Ron Wyden [D-OR].
I signed!!! And I shared on my blog so I hope it brings in lots of signatures Diane. Love you!!
ReplyDeleteThanks Jen! Love you too!
DeleteI CAME HERE AND READ YOUR BLOG BUT FORGOT TO COMMENT ,I GOT CAUGHT UP AND WENT TO SIGN,SOUNDS LIKE THEY NEED AL THE HELP THEY CAN GET
ReplyDeleteThanks Judy!
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