Changes to federal health care law have been the catalyst for a lot of division and controversy. But one section that has received widespread support reduces adoption costs for families.

“The law increases the federal adoption tax credit by about $1,000 to more than $13,000 for the costs of finalizing a domestic or foreign adoption. It also aims to help lower income families adopt. The credit was due to end this year until the new health care law extended it until December 2011.” [Source: Austin (TX) Daily Herald]

Adoption can cost $25,000 or more, according to the Children’s Home Society of Minnesota – a price tag that can either delay or prevent adoption for some families. The initial tax credit was passed in 1996 and was aimed at encouraging foster care adoptions. However, the credit can be used towards adoption of any type.

Posted By: Stefanie Hamilton