The Adoption Tax Credit, first passed in 2001, is set to expire in the year 2010. Under this provision, a dollar-for-dollar tax credits are offered to offset the costs of adoption.

"The Adoption Tax Credit Guarantee Act would repeal the current sunset provision and continue the tax credit past 2010. It encourages adoption by making it more affordable for families, ensuring that more children are in stable, loving permanent homes."

Though the legislation has been introduced, it has not yet been passed. Read more at SWNebr.net.

Posted By: Aspen Education Group