January 2, 2013 – Alexandria, VA – Late Tuesday night,
Congress passed the American Taxpayer Relief Act which will become law upon President Obama’s signature. Amongst the provisions of this Act was an extension of the adoption tax credit.
Complete details of implementation are still to be seen, but the bill permanently extends the adoption tax credit which is set at $10,000, but may once again be scaled for inflation, potentially bringing it to near the 2012 amount of $12,650. Families with incomes under $150,000 will receive the full credit and it will gradually phase out for higher incomes.
“Congress is to be commended for remembering children and families as a priority. The adoption tax credit is an important layer of support for families who adopt. The credit helps ensure children find their way to safe, stable, loving, and permanent families” says Megan Lindsey of National Council For Adoption. “We are grateful to Congress, the Obama administration, and our many partnering advocates in the Save the Adoption Tax Credit Working Group for their tireless efforts on behalf of this important credit.”
The complete language of the American Taxpayer Relief Act is available here.
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China | 3 years old | Girl
Fiona is a precious little one who is about to turn 3 years old! She was born with Down’s Syndrome and a heart defect known as a PFO. When she was 1 years old, she would sit up on her own, crawl and babble. At the age of 18 months she could stand up with a little support and was babbling and saying simple words. Fiona has been receiving rehabilitation services and she seems to be doing great! She is walking for longer distances while holding onto some support. Fiona is described as being compliant, cute and affectionate. Although her speech is slightly delayed, communication does not seem to be an obstacle for her. Contact one of our matching specialists today if you’d like to learn more about Fiona!
You can contact the China Home Finding Team at (512)323-9595 if you would like to learn more about adopting Fiona. We hope we are able to find Fiona her Forever Family soon!