On September 7, Congresswoman Kristi Noem wrote a column in the Argus Leader advocating for adoption and a refundable adoption credit. Rep. Noem is a cosponsor of HR 2434.
“Since 1997, the federal government has offered a tax credit to help offset adoption fees, attorney fees, court costs, travel expenses, and re-adoption expenses for intercountry adoptions. This is a great credit that has helped many families, but I’d like to improve it further. Currently, families can only apply the benefit if they have an income tax liability, meaning they owe the federal government money at the end of the year. That doesn’t benefit many middle-class families. That’s why I’d like to see the tax credit fully refundable, meaning they’ll receive the benefit regardless of how much they owe on Tax Day. As a member of the House Ways and Means Committee, which has jurisdiction over tax policy, I have helped sponsor legislation to accomplish this and am committed to moving it through the legislative process.” -Rep. Kristi Noem (R-South Dakota), U.S. House of Representatives
Read the entire column at http://www.argusleader.com/…/opening-hearts-homes…/71703016/