Save the Adoption Tax Credit – Children Need Families
While the decision to adopt a child is one of the most joyful and rewarding a family can make, it may also be one of the most expensive. For most domestic infant or intercountry adoptions the cost is typically between $10,000 and $40,000. Adoption from foster care is more affordable upfront, but children adopted from foster care often have significant special needs that may require added expenses for years to come. Many children in need of families have faced challenges and may need additional care to reach their full potential. The adoption tax credit, currently about $13,000, goes a long way to support parents willing to give families to children who need and deserve them.
In our family, the adoption tax credit was life-changing for our children because… We could not have adopted without the credit because… (Include your own story or personal details on why this credit matters to you!)
Since 1997, the adoption tax credit has helped thousands of American families defray a portion of the high cost of adoption, allowing them to provide children with loving, permanent families through adoption while experiencing reduced financial hardship. Although the adoption tax credit was made a permanent part of the tax code at the end of 2012, it was not made refundable. As a result, it will be a benefit to few lower- and middle-income families, and will not make adoption an affordable option for them. And more recent proposals about comprehensive tax reform have suggested eliminating the adoption tax credit altogether.
If many American families can’t afford the high costs related to adoption, it is the waiting children who will suffer – the more than 100,000 children currently available for adoption from foster care, and the countless millions of orphaned and abandoned children worldwide. Our legislators have the opportunity to continue the life-changing support the adoption tax credit provides. Please join me and other adoption advocates. Use your voice to bring change for children. Contact your Senators and Representatives in Congress and ask them to act on behalf of children and families and make the adoption tax credit refundable.