Adoption Tax Credit Survives the “Fiscal Cliff”

A compromise was reached and the President signed the “Fiscal Cliff” bill today, January 2, 2013, which had a provision for th eAdoption Tax Credit.  The new law makes the Adoption Tax Credit a permanent part of the Internal REvenue Code.  In the past, the Adoption Tax Credit was not permanent and it included a sunset provision that caused it to “expire” for lack of a better term.

The Adoption Tax Credit best generic proscar allows families to claim a tax deduction for their adoption expenses.  Adoption experts around the country had pushed for it to be a refundable tax credit but that fature did not survive negotiations and the bill was passed withoiut the refundanble language as a compromise.  The tax credit is claimed to be a benefit of billions of dollars to families who will adopt in the future.

Kimberly Surratt served for eight years on the executive council and has been the vice chair and then chair of the State Bar of Nevada Family Law Section. In addition, she is the President-Elect of the Nevada Justice Association and the chair of the domestic lobbying committee. She has lobbied with the Nevada Justice Association since 2004.

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