Good news!
The adoption tax credit has been extended through 2011 and increased by $1,000. It was signed into law with the Health Care Reform the other day. It is still only temporary and is set to expire, so we still need to contact our representatives to request it be made permanent, but it is looking good for Eli and I to adopt! We just have to try to get it done by the end of 2011. Seems like a long way off, but when it comes to adoption timelines, it is really just around the corner.
Excerpt from USA Today online:
Taxpayers who adopt children:
•Effective in 2010, the bill makes the adoption credit refundable, increases the credit by $1,000 and extends the increased adoption credit through 2011.
Yay! That is exciting news. We'll see if that ends up helping us and you.
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