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Bad News - Maybe Not

January 6th, 2012 at 05:22 am

I just found out that for 2012, the currently refundable adoption credit decreses from the 2011 value of $13,360 to $12,650 (I already knew that), and it it reverts back to a nonrefundable credit (I didn't know that).

Of course, congress can change any of the above facts any time between now and the end of the year. And it's an election year, so we'll see.

I'm just glad that one of our two adoptions was made final in 2011. Because, as it stands right now, that's a $710 difference.

1 Responses to “Bad News - Maybe Not”

  1. Jerry Says:

    In this economy, that is the kind of thing that should not lead to cuts. People who open their hearts to adopt children need MORE support, not less! Anything that can add some insurance that this could happen more would be a most welcome change, but I guess it's a little much to ask of the fed at this point in time. Argh.

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