The Adoption Tax Credit has enabled thousands of Americans to open their homes to foster children from across the United States and orphans from across the world. The current refundable version of the adoption tax credit that can give families nearly $13,000 in aid for taking in a parentless child will disappear if it is not renewed by the end of the year and fewer families will have the resources available to help children in need.
MLJ Adoptions along with the other members of the Adoption Tax Credit (ATC)Working Group are strongly advocating for the legislative efforts currently taking place in Congress. Some progress has been made and bills calling for a refundable tax credit have been introduced in the Senate and House. Our progress thus far is very much because of the continued advocacy of the members of this Working Group and adoptive families across the United States. We encourage you to continue reaching out to your Representative and Senators to express support for the extension of the adoption tax credit and the inclusion of refundability of the credit.
Senators Landrieu (D-LA), Blunt (R-MO), Hutchison (R-TX) and Cardin (D-MD) introduced S. 3616, a bill to amend the Internal Revenue Code of 1986 to make permanent the expansion of tax benefits for adoption enacted in 2001 and to permanently reinstate the expansion of tax benefits for adoption enacted in 2010. This bill is the companion to House bill H.R. 4373 and includes refundability. We urge all MLJ clients and others passionate about adoption to reach out to your Senators and encourage their support for it and please be sure to take time to thank the above four original Co-Sponsoring Senators for their tremendous leadership as well.
H.R. 4373: Making Adoption Affordable Act of 2012, the companion House bill now has 29 co-sponsors. While this is a good start, we would like to see even more Members support this legislation. Please continue to contact U.S. Representatives about H.R. 4373 – especially if they are a Republican Member of Congress or sit on the House Ways & Means Committee (http://waysandmeans.house.gov/About/Members.htm). This bill and this issue are bipartisan – but recently H.R. 4373 gained several Democrats as new cosponsors, so we need to work together to keep this bill evenly supported. The Adoption Tax Credit is likely to be included in a package of other tax credits that need to be extended, and we expect such a package to be considered by Congress sometime after the election.
One of the most effective ways to advocate for the refundable tax credit is by sharing your personal story directly with your legislators. If you have benefitted from this tax credit or know you will receive it for this year, please continue to reach out to and communicate with Members and staffers on Capitol Hill about the refundable ATC so that Members will want to keep the ATC
part of any deal that moves in the lame duck session after elections. Our goal remains to have both the above pieces of legislation supported by the majority of Members in the House and Senate, especially Members of the Senate Finance and House Ways and Means Committee.
According to the National Council for Adoption, there are more than 100,000 children in foster care in the U.S., and millions more orphaned and abandoned children around the world. It is imperative that we all throw our support behind these bills to make sure more families have the resources available to offer homes to these vulnerable children.
For more information about MLJ Adoptions’ international adoption programs, please click here.