Support HR 4373 and S 3616: Help make adoption affordable; keep the tax credit and make it refundable.
Help make Adoption Affordable
The average cost to adopt a child is any where from $25k- $35k or more. Currently, The 2012 Tax Credit is not refundable for adoptions initiated after 2011, which means a large number of families are/were not able to get any of the $25k- $35k back and possibly prevent people from adopting a child at all.
In 2013 it will revert back to a maximum tax credit of $6,000 for parents adopting children with special needs only and there will be no adoption tax credit available in tax year 2013.
We are petitioning to make the adoption tax credit permanent and refundable, so that more money is available to families allowing them provide a financially stable home to the adopted child.
Currently, there are two bills HR 4373 and S3616 that support this petition. You can sign the petition HERE.