The same is true of the federal adoption tax credit legislation, enacted in 1996 to encourage the adoption of special needs children from foster care. The vast majority of these tax dollars support adoption from overseas, and the adoption of infants, as opposed to those the credit was intended to help. In 2004, only 17 percent of taxpayers claiming the credit adopted children from the U.S. foster care system. In 2005, nearly 90 percent of adoption tax credits above $100,000 supported adoptions that were not from foster care.
Posted on: Mon, 10 Nov 2014 17:30:40 +0000
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