Talking Points: Adoption Tax Credit

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  • Since 1996, the adoption tax credit has defrayed the cost of adoptions to many families that would find the cost of adopting prohibitive.

  • Domestic adoptions cost $15,000 or more while international adoptions range from $20,000 – $30,000.
  • The maximum adoption tax credit that may be claimed by income-eligible families is $12,150.  The tax credit can only be claimed in the year that the adoption is finalized.
  • The adoption tax credit is not a permanent part of the tax code.  If it is not extended, it will expire on December 31, 2010.
  • S. 2816 and H.R. 213 would ensure that the adoption tax credit does not expire.  Also, S. 2816 would ensure that a couple would be allowed to claim adoption expenses when they were incurred and not just when the adoption was finalized.

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