OUR MISSION: To support children in foster care who have special needs, to decrease the time they wait for permanent families, and to expand the geographical boundaries in which the best adoptive families may be found.
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The Adoption Tax Credit that was set to expire at the end of 2012 is now a permanent credit. The tax credit allows adoptive parents of children from foster care to reduce their federal income taxes. In the case of an adoption of a U.S. child that a State has determined has special needs, you may be eligible for the maximum amount of credit even if you paid no qualified adoption expenses.
“As the 112th Congress came to a close, we secured several victories to help improve the lives of children living in the U.S. and around the world,” said U.S. Senator Mary Landrieu of Louisiana in an email sent on January 4 to adoption advocates. “The adoption tax credit, which I have long supported, was made permanent as part of the deal to avoid the fiscal cliff. Every child deserves a protective, loving family, and I hope that a permanent Adoption Tax Credit will enable many more families to open their hearts and homes to a child in need.”
An adoptive family can apply this credit toward their federal tax liability, meaning it can reduce what they owe in federal income taxes for the year. Most adoptions from U.S. foster care qualify for the maximum amount of the credit even if no qualified adoption expenses occurred, such as necessary adoption fees, court costs, attorney fees, traveling expenses (including meals and lodging while away from home), and other expenses directly related to the legal adoption of an eligible child. If the State or County provides adoption assistance, that is proof that the child was determined to be special needs.
The Internal Revenue Service (IRS) has more information and required forms for claiming the adoption tax credit .
You can also find more information about the Adoption Tax Credit on the following websites: