We hope your family is enjoying the holiday season. It is amazing for us to look back at what God did in 2014 and we look forward with delight to what this next year will hold. We don't have many of our adoptive families email addresses, unfortunately (email firstname.lastname@example.org if that is you). Here is the information emailed today regarding this year's tax credit:
Happy New Year!
Since 2015 is only days away, we wanted to make sure you had the information you need for the adoption tax credit.
Many of you are probably already aware of the credit allowed, but the information below can be used as you work on this year’s taxes. The adoption credit of a maximum of $13,190 was made “permanent” with the “ACA Tax acct.”
Here are the guidelines for 2014 and future:
.03 Adoption Credit. For taxable years beginning in 2014, under § 23(a)(3) the credit allowed for an adoption of a child with special needs is $13,190. For taxable years beginning in 2014, under § 23(b)(1) the maximum credit allowed for other adoptions is the amount of qualified adoption expenses up to $13,190. The available adoption credit begins to phase out under § 23(b)(2)(A) for taxpayers with modified adjusted gross income in excess of $197,880 and is completely phased out for taxpayers with modified adjusted gross income of $237,880 or more. (See section 3.18 of this revenue procedure for the adjusted items relating to adoption assistance programs.)
You may have already visited this site in your research, but it could be helpful to see what the law has been and how it might continue:
Additional information: http://www.nacac.org/taxcredit/taxcredit2014.html
Remember, with our 30th Anniversary in 2015, we’d love to hear your adoption stories from you or your child’s perspective! We love receiving your Christmas cards and getting your updates
God bless you and your family
We have a nice little library of resources here at the CFLS office. Some books are geared toward prospective adoptive families, others are regarding grief and loss, and some are children's literature regarding adoption. Maybe you'd like some of these titles on your Christmas list! Our staff recommends the following:
Boundaries, By Cloud & Townsend
Caring Enough to Confront
Helping People Through Grief
How to Really Love Your Child
Women Who Love Too Much
Telling Yourself the Truth
The Five Love Languages
For loss of child/abortion:
Forbidden Grief, The Unspoken Pain of Abortion
I'll Hold You in Heaven: Healing and Hope for the Parent Who as Lost a Child through Miscarriage, Stillbirth, Abortion or Early Infant Death
The Grieving Teen: A Guide for Teenagers and their Friends
For adoptive parents:
And With the Gift Came Laughter (By an adoptive mom)
Open Adoption, A Caring Option
Out of the Shadows: Birthfathers' Stories
For unexpected pregnancies:
How to Survive Your Teen's Pregnancy
I'm Pregnant...Now What?
Happy reading and Merry Christmas from CFLS!
The latest News and updates from the CFLS offices and the adoption ministry.