Showing posts with label 5090. Show all posts
Showing posts with label 5090. Show all posts

Monday, March 22, 2010

Health Care Reform's Potential Impact on Adoption

As you've no doubt noticed, health care reform in the US passed a major hurdle last night. As part of the bill there are two items of importance to our community. The first is increased support for maternal health care. Healthier moms mean healthier babies! So this is good news for all concerned.

The second is this: "Expanding the Adoption Credit and Adoption Assistance Program. Increases the adoption tax credit and adoption assistance exclusion by $1,000, makes the credit refundable, and extends the credit through 2011. The enhancements are effective for tax years beginning after December 31, 2009."

While adoption from the foster care costs little to nothing, this will hopefully encourage more people to seek out adoption in the first place. It will certainly help those who are adopting dometically from non-foster care sources too. Will this help sway your choice?