Will you sign the Adoption Tax Credit Peition

anangelbug

I'm posting this on all my boards, I hope no one minds but it's important to adoptive couples.  Pleas sign and spread the word!  Without this credit we may not have been to adopt our beautiful DD.

This petition still needs about 1,100 more signatures to meet the 8,000.  I'd love to see it go way past 8,000!  Please sign and spread the word.  Let them know  families like us really need this adoption tax credit and a refund is better than a credit.

https://www.change.org/petitions/make-adoption-costs-fully-refundable-in-the-2012-2013-tax-years

 Signing takes less than 60 seconds.  (For the country the drop down is defaulted to Outside the US so you have to click the little blue link to the right of the drop down that says Inside the US in order to be able to find you US state).

The Petition update tab has some interesting and informative information. I didn't know H&R block has an adoption specialist.  

Why This Is Important

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 (international)

But in 2012 the Tax Credit is going to change:
? A maximum of $12,170 for 2012 returns only

The 2012 Tax Credit will not be refundable for adoptions initiated after 2011, which means a large number of families may not be able to get any of the $25k- $35k back and possibly prevent people from adopting a child at all.

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

We are 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.