Childhood Adoption Act of 2005
Fri Oct 28, 2005 at 7:18 pm |
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Where in the world have I been? Seems like I'm always the last to find out about anything!
On April 12, HR 1561 was introduced by Congressman Harold Ford of Tennessee to increase the adoption tax credit to $15,000. The proposed Childhood Adoption Act will increase the adoption tax credit and exclusion that the federal government grants eligible taxpayers for certain expenses paid to adopt an eligible child from $10,000 to $15,000. The Childhood Adoption Act will also increase the adoption tax credit for children with special needs from $10,000 to $15,000. In addition, the Childhood Adoption Act will make the credit fully refundable in order to make the adoption tax credit more meaningful to people with lower incomes.
On the same day, the bill was referred to the House Ways and Means Committee for review.
As of today, there are 20 co-sponsors of the bill. The most recent additions came on October 20 so that means the bill is still alive and kicking.
Here is a link to the text of the bill and other information.
Find your Congressperson(s) and Senator(s) and send them a letter like this:
----------
To: (fill in with name)
(fill in the date)
Dear (name)
Please support HR 1561-Childhood Adoption Act of 2005. This will increase the dollar limitation on the tax credit for qualified adoption expenses. HR 347 will make the credit permanent and repeal the 5 yr limitation on carryforwards for unused credits.
As a family (fill in your situation, ie: currently adopting, wishing to adopt), I can say the expense that is incurred in the adoption process is very high. These changes will enable all American families to realize their dream of adding children to their family, without the hardship and debt that often accompany the adoption process.
Thank you!
(Your signature)
On April 12, HR 1561 was introduced by Congressman Harold Ford of Tennessee to increase the adoption tax credit to $15,000. The proposed Childhood Adoption Act will increase the adoption tax credit and exclusion that the federal government grants eligible taxpayers for certain expenses paid to adopt an eligible child from $10,000 to $15,000. The Childhood Adoption Act will also increase the adoption tax credit for children with special needs from $10,000 to $15,000. In addition, the Childhood Adoption Act will make the credit fully refundable in order to make the adoption tax credit more meaningful to people with lower incomes.
On the same day, the bill was referred to the House Ways and Means Committee for review.
As of today, there are 20 co-sponsors of the bill. The most recent additions came on October 20 so that means the bill is still alive and kicking.
Here is a link to the text of the bill and other information.
Find your Congressperson(s) and Senator(s) and send them a letter like this:
----------
To: (fill in with name)
(fill in the date)
Dear (name)
Please support HR 1561-Childhood Adoption Act of 2005. This will increase the dollar limitation on the tax credit for qualified adoption expenses. HR 347 will make the credit permanent and repeal the 5 yr limitation on carryforwards for unused credits.
As a family (fill in your situation, ie: currently adopting, wishing to adopt), I can say the expense that is incurred in the adoption process is very high. These changes will enable all American families to realize their dream of adding children to their family, without the hardship and debt that often accompany the adoption process.
Thank you!
(Your signature)
