Save the Adoption Tax Credit

CCAI is excited to serve as the Secretariat for the Executive Committee of the Adoption Tax Credit Working Group (ATCWG).  Save the Adoption Tax Credit, a national collaboration of 100 organizations that have united to support the cause of adoption, is an effort of the ATCWG. These are the other organizations on the Executive Committee with whom we are working closely:

The Adoption Tax Credit has existed since 2003 and has made adoption a more viable option for many parents who might not otherwise have been able to afford adoption, allowing them to provide children with loving, permanent families. Unfortunately it is due to “sunset” in its current form at the end of this year unless Congress and the Administration act.

The Adoption Tax Credit Working Group’s goals are to have an adoption tax credit that is:

  • Inclusive: Children, whether adopted from foster care, through intercountry adoption, or through private domestic adoption should be able to benefit from the adoption tax credit.
  • Permanent: The adoption tax credit should become a permanent part of the tax code to ensure continued support to those who bring children into families through adoption.
  • Refundable: The adoption tax credit should be refundable to ensure that families with moderate and lower incomes receive the full benefit of the credit.
  • Flat for Special Needs: All families who adopt a child with special needs should be eligible for a “flat” tax credit, meaning they can claim the maximum credit without documenting expenses. This distinction, which is already in current law, recognizes the fact that many of the expenses associated with adopting children with special needs show up after an adoption is finalized.

More than 100,000 children are currently in the U.S. foster care system awaiting forever homes. There are a growing number of children worldwide who are living in institutions, on the streets or in other situations outside of the care of a loving family.

The work of the adoption tax credit is not done.

To learn more about the effort to save the “A.T.C.” and to see the full list of the Adoption Tax Credit Working Group members, go to www.adoptiontaxcredit.org.

Or check out their Facebook page at www.facebook.com/AdoptionTaxCredit.

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ccainstitute

The Congressional Coalition on Adoption Institute is a nonprofit, nonpartisan organization dedicated to raising awareness about the millions of children around the world in need of permanent, safe, and loving homes and to eliminating the barriers that hinder these children from realizing their basic right of a family.

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