With the election over, Congress is heading into a lame-duck session this week and is likely to consider a year-end spending package by December. This year-end package typically includes many additional provisions, especially related to tax policy.
Now is the time for Congress to advance legislation to restore refundability to the Adoption Tax Credit, and Congress needs to hear from advocates NOW.
President Biden has issued a Proclamation and called upon Congress to make the adoption tax credit refundable and to extending the adoption tax credit to legal guardianships — including grandparents, aunts, uncles, and other relatives – who are filling the roll of parent for children.
What is refundability? Refundable tax credits are called “refundable” because if you qualify for a refundable credit and the amount of the credit is larger than the tax you owe, you will receive a refund for the difference. For example, if you owed $800 in taxes and qualify for a $1,000 refundable credit, you would receive a $200 refund.
Please take action now by sending messages to your Senators and Representatives.
Be sure to include your name and address so that offices know you are a constituent.
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