Save the Adoption Tax Credit

From an email that is being sent out to SAVE THE ADOPTION TAX CREDIT!

We are working to try & save the adoption tax credit. I thought Lutheran
Social Services might be interested in it, since so many adoptive parents count
on this credit. Here is the information:

Please help us save the adoption tax credit for 2012 – 2013. For
many families the cost of an expensive adoption is what keeps them from
bringing home a child - this tax credit helps alleviate some of the cost,
but in 2012 it starts to diminish. The Senate Finance Committee is about to
vote on “S. 82, the Adoption Tax Credit Guarantee Act” and we
are petitioning for them to vote YES to save the adoption tax credit.


The average cost to adopt a child is any where from $25k- $35k or more. Currently,
for the 2011 Tax Year Adopting families are eligible for:

• A maximum of $13,170 for 2011 returns

• Fully refundable as long as the adoption is initiated in 2011 or before, and
finalized before the end of 2012 (domestic) or was finalized in 2011

But in 2012 the Tax Credit is going to change:

• A maximum of $12,170 for 2012 returns only, non-refundable

In 2013 it all goes away, no tax credit at all.

We are working with politicians and petitioning to extend the tax credit as
currently stated in the Patient Protection and Affordable Care Act, so that
more money is available to families allowing them provide a financially stable
home to the adopted child.


To help save the credit, it only takes a minute. Visit this website & add
your name to the petition:

Thank you for your help and consideration.