Thanks to Greg and Laura for the latest news!!! If adoption has ever impacted you, this is something that was there to help you, if you have ever considered adoption, maybe this will help you make a decision. Every child out there deserves a home!!!! If you are interested in adoption, message me and I will do everything I can to help you or get you in contact with someone who can!!!
From The Christian Alliance for Orphans Blog:
Amidst the intense controversy of the health care bill signed into law by President Obama yesterday, there’s at least one provision every orphan advocate can cheer. The adoption tax credit was preserved for another year…and increased in value!
To encourage and support adoption, the adoption tax credit was expanded by President Bush and Congress in 2001. This increased the value of the credit from $5,000 to $10,000, and indexed it for inflation (meaning the credit would increase each year to keep up with inflation.) For 2010, its value had risen to $12,170. However, the 2001 increase was scheduled to “sunset” at the end of 2010. This would mean that any adoptions finalized after December 31, 2010 would be eligible for—at most—a credit of only $5,000.
This sunset has now been extended one year. That means that it will need to be extended again before the end of 2011. For the present, however, this extension comes as very welcome news for families considering adoption or in the adoption process.
Specifically, the provisions contained in the health care bill include:
•The current adoption tax credit has been extended until the end of 2011;
•The value of the adoption tax credit has been increased from $12,170 to $13,170.
•The increase is “retroactive,” meaning that any adoption occurring after January 1, 2010 is eligible for this higher credit.
•The credit is now refundable. This means that even families that owe zero taxes can receive the full tax credit in the form of a tax refund to help with their adoption-related expenses.
Delight yourself in the Lord and He will give you the desires of your heart. Psalm 37:4
Thursday, March 25, 2010
Tuesday, March 16, 2010
Long time no post
You would think we have been super busy given that I haven't posted in a while!! I guess when your life is pretty boring, there isn't much to post!!
We had Isabel's birthday party on Saturday, February 27th. It is always fun to get friends and family together---even if it is at our house. That is the only downside of having birthdays in the winter. Luckily Garrett's birthday is in the summer so we can always do his party outside.
We have been filling our weekends with fun family time. I love it when our little family of 4 is able to spend the weekend together doing fun things. I guess if people were able to look in our windows at us, they would think we were boring and crazy, but it is fun to us!!
I have the day off today to spend the morning with my munchkins, I need to run to the courthouse to get my notary renewed and then I am meeting my sister-in-law Robin for lunch. I think we are going to head to the mall after that and add to the chaos at the mall!! I will have my two kiddos, Robin will have her 4 and my mother-in-law will have my two nephews!! Look out mall, here we come!!!
I hope you have been having a great winter!!! Bring on the sunshine!!!
We had Isabel's birthday party on Saturday, February 27th. It is always fun to get friends and family together---even if it is at our house. That is the only downside of having birthdays in the winter. Luckily Garrett's birthday is in the summer so we can always do his party outside.
We have been filling our weekends with fun family time. I love it when our little family of 4 is able to spend the weekend together doing fun things. I guess if people were able to look in our windows at us, they would think we were boring and crazy, but it is fun to us!!
I have the day off today to spend the morning with my munchkins, I need to run to the courthouse to get my notary renewed and then I am meeting my sister-in-law Robin for lunch. I think we are going to head to the mall after that and add to the chaos at the mall!! I will have my two kiddos, Robin will have her 4 and my mother-in-law will have my two nephews!! Look out mall, here we come!!!
I hope you have been having a great winter!!! Bring on the sunshine!!!
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