This is from Steve...my wonderful husband who is knowledgable about things that just don't interest me.
For the year 2010, the maximum adoption tax credit will be $12,170. The IRS updated this figure as part of their annual update for several inflation-indexed figures as released in Revenue Procedure 2009-50.
The adoption credit is scheduled to sunset at the end of the year 2010, and revert back to its pre-2001 dollar limit of $5,000, or $6,000 if a special needs child is adopted.
Contact your representative and ask them to work to increase the tax credit for 2011 and the years to follow as it is a very important resource for many families. You can find your representative’s contact information at https://writerep.house.gov/writerep/welcome.shtml.
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