IRS">Adoption Tax Credit for 2015 Published by IRS

by Mark Demaray on November 20, 2014

The IRS has just published the Adoption Tax Credit numbers for 2015.  The new maximum dollar amount allowed for tax year 2015 is $13,400 per child (up slightly from $13,190 in 2014).  The adoption tax credit phase out begins out for those families with modified adjusted gross incomes in excess of $201,010 and is phased out entirely for those with modified adjusted gross income that exceed $241,010.  Similar to last year, the adoption of a “special needs” child as defined in the tax code qualifies for the full adoption tax credit amount for each child without having to show the payment of any costs or expenses.  Contact our office or your tax professional with questions.


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National Adoption Month — 2014

by Mark Demaray on November 14, 2014

November is designated as National Adoption month each year by the President and I think it’s worthwhile each year to read the official proclamation which is copied below.  Each year there are many thousands of children who through no fault of their own, find themselves in the state foster care system.  These children are in need of warm, loving homes, families, friends and mentors.   It  has been my honor to help with the Snohomish County Superior Court’s annual National Adoption Day Court event and celebration each year at which caseworkers, judges, court staff and local attorneys have helped to finalize more adoptions than any other county in the state for the last 4 years.  This year’s event is set for Friday November 21.   There are many ways to help these children in state care — consider getting involved in your community to help make a difference in a child’s life.

Presidential Proclamation — National Adoption Month, 2014

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Every year, adoptive parents welcome tens of thousands of children and teenagers into supportive and loving families.  These mothers and fathers provide their sons and daughters with the security and stability of a safe environment and the opportunity to learn, grow, and achieve their full potential.  During National Adoption Month, we honor those who have opened their hearts and their homes, and we recommit to supporting all children still in need of a place to call their own.   Over the past decade, more than 500,000 children have been adopted.  However, there are still too many children waiting to be part of an adoptive family.  This month — on the Saturday before Thanksgiving — we will observe the 15th annual National Adoption Day, a nationwide celebration that brings together policymakers, practitioners, and advocates to finalize thousands of adoptions and to raise awareness of those still in need of permanent homes.

To help ensure there is a permanent home for every child, my Administration is investing in programs to reduce the amount of time children in foster care wait for adoption and to educate adoptive families about the diverse needs of their children, helping ensure stability and permanency.  We are equipping State and local adoption organizations with tools to provide quality mental health services to children who need them, and — because we know the importance of sibling relationships — we are encouraging efforts to keep brothers and sisters together.  Additionally, last year I was proud to permanently extend the Adoption Tax Credit to provide relief to adoptive families.  By supporting policies that remove barriers to adoption, we give hope to children across America.  For all those who yearn for the comfort of family, we must continue our work to increase the opportunities for adoption and make sure all capable and loving caregivers have the ability to bring a child into their life, regardless of their race, religion, sexual orientation, or marital status.   Throughout November, we recognize the thousands of parents and kids who have expanded their families to welcome a new child or sibling, as well as the professionals who offer guidance, resources, and counseling every day.  Let us reaffirm our commitment to provide all children with every chance to reach their dreams and realize their highest aspirations.

NOW, THEREFORE, I, BARACK OBAMA, President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim November 2014 as National Adoption Month.  I encourage all Americans to observe this month by answering the call to find a permanent and caring family for every child in need, and by supporting the families who care for them.   IN WITNESS WHEREOF, I have hereunto set my hand this thirty-first day of October, in the year of our Lord two thousand fourteen, and of the Independence of the United States of America the two hundred and thirty-ninth.

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New Federal Law — Accuracy for Adoptees Act

January 29, 2014

The United States Congress passed and the President has signed into law S.1614, commonly called the Accuracy for Adoptees Act.  This new federal law greatly helps children who were adopted from foreign countries and given inaccurate birth dates and ages.  This has been a common problem where children were abandoned at orphanages or came into […]

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Adoption Tax Credit for 2014

November 8, 2013

The official Adoption Tax Credit numbers for 2014 have been issued by the IRS.  The maximum dollar amount allowed for tax year 2014 is set at $13,190 per child (up from  $12,970 in 2013).  The adoption tax credit begins to phase out for those families with  modified adjusted gross incomes for the applicable tax year is in excess […]

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Update on Baby Veronica Case

August 7, 2013

The US Supreme Court’s decision in this case came out in late June and the Court reversed the ruling of the South Carolina State Supreme Court determining that the stricter standards for terminating the parental rights of an unwed father in the planned voluntary adoption of an “Indian child” do not apply where the father […]

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US Supreme Court Case — Indian Child Welfare Act">US Supreme Court Case — Indian Child Welfare Act

April 19, 2013

As many of you may have seen in the national news this past week, the United States Supreme Court heard oral arguments in the case known as Adoptive Couple vs. Baby Girl  - commonly called the “Baby Veronica” case.   This very difficult case arose out of a situation where a birth mother living in Oklahoma […]

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IRS">Adoption Tax Credit Amounts for 2013 Set by the IRS

January 11, 2013

The IRS has just released the official numbers for the 2013 Adoption Tax Credit.  The maximum dollar amount allowed under the new law for tax year 2013 is now set at $12,970 per child (the maximum was $12,650 in 2012).  This adoption tax credit begins to phase out for those families whose modified adjusted gross income for […]

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Adoption Tax Credit Saved for 2013 and is now Permanent.….

January 2, 2013

As you may seen in the last few weeks if you watched any news coverage, the so called “Fiscal Cliff” Bill that finally passed in Congress and was signed by the President today, did include a provision making the Adoption Tax Credit a permanent part of the Internal Revenue Code – so adoptive families will […]

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News on Adoption Tax Credit Extension Beyond 2012

September 24, 2012

As I have posted in this blog in the past, the present law that allows for a very favorable Adoption Tax Credit is due to expire by the end of this year.  Although there seems to be bi-partisan support in Congress for the extension of this tax law in some form, it has not yet […]

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Adoption Tax Credit for 2011 and 2012

November 30, 2011

As the end of the year approaches, those families who have adopted a child in 2011 should be mindful of the need to have all of their documents ready for use in filing their tax returns to claim the Adoption Tax Credit.  Under present tax law, 2011 is the last year that the Adoption Tax […]

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