President Obama’s Budget Proposes Enhancing the Credit

The President’s Fiscal Year 2013 federal budget proposes to make the adoption tax credit permanent and extend the provisions of the Affordable Care Act that make the credit refundable for 2012 and 2013. The refundable aspect is vital to some families, especially those who have a low tax liability. In the past families with little to no tax liability have not benefited from the credit the same as others.

At the end of February, 30 organizations thanked President Obama for including extension of the adoption tax credit in his 2013 budget. The budget proposes making the credit refundable for the next two years.

Read the letter

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