➡ From Child Welfare Information Gateway
US: GOP Tax Plan Would Eliminate Adoption Tax Credit
Chronicle of Social Change – November 02, 2017
he House Ways and Means Committee released details of the new Republican-led tax plan, makes two significant changes that would lessen the benefits available to adoptive parents. The first change is a complete elimination of the Adoption Tax Credit (ATC), a one-time tax benefit available for parents who adopt from foster care, internationally and through private domestic adoptions. The other is a tax exclusion for employer adoption assistance. Here is a breakdown of the changes.
Also: Report: https://waysandmeansforms.house.gov/uploadedfiles/tax_cuts_and_jobs_act_section_by_section_hr1.pdf