We just received some exciting news about our adoption tax credit. This is what it says:
According to the Joint Council on International Children's Services:
"Joint Council is pleased to confirm that the Adoption Tax Credit (ATC), which was scheduled to expire in 2010, was extended for one-year (through December 31, 2011). The highlights of the ATC are:
1) The maximum credit was increased from $ 12,150 to $ 13,170
2) The ATC is now retroactive to January 1, 2009. This represents a potential increase of $ 1,000 for adoptive families.
3) The ATC was made refundable. If a family has no tax liability, the IRS will refund the amount due."
So, summarizing what this means to us, is that we will get an extra $ 1,000 back that we weren't counting on before! yahoo!!!! AND we won't have to complete it this year to get all of it back, although we hope to.
God is good! He is continuing to provide the necessary monies to complete this. =)
ABOUT US
- Roxanne Williams
- Kansas, United States
- This started out as a blog about our domestic adoption. So all of the older posts are about that journey. It was an interesting one, and it led us to our son, Jacob. My dream since I was a little girl was typical of most little girls. I wanted to get married, and have children and be a stay at home Mom. Although, not a very popular choice for a profession now a day, I find it very rewarding. As a matter of fact, every day is an adventure! I've been told personally that the stay at home Mom profession isn't 'work', but spend a day with me and you'll see just how much 'work' it is!!! It's blessed work!
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