“Bottom line is, even if you see them coming, you're not ready for the big moments. No one asks for their life to change, not really. But it does.
So, what are we, helpless? Puppets? Nah. The big moments are gonna come, you can't help that. It's what you do afterwards that counts. That's
when you find out who you are." - Joss Whedon

Monday, February 11, 2013

Tax Credit Info - Thanks Bethany Christian Services for sharing this great news!

You did it! You helped to extend the Adoption Tax Credit!Congress included an extension of the Adoption Tax Credit in the "fiscal cliff" budget negotiations! Many details are still unknown, but we know of three significant changes:
  1. The Adoption Tax Credit is extended permanently.
  2. The Credit is set at $12,000 rather than the $6,000 that it was set to revert to for adoption of domestic children with special placement needs.
  3. As far as we know, the credit will apply to all adoptions, as it did previously.
We are awaiting final definitions from the IRS regarding eligibility for the credit. More details of the American Taxpayer Relief Act are available here. This is the form to complete for your 2012 taxes: www.irs.gov/pub/irs-pdf/f8839.pdf.
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