Tax Credit Increase Proposed
HR 1561 was recently introduced by Congressman Harold Ford of Tennessee to increase the adoption tax credit to $15,000. The proposed Childhood Adoption Act will increase the adoption tax credit and exclusion that the federal government grants eligible taxpayers for certain expenses paid to adopt an eligible child from $10,000 to $15,000.
Please read the article at http://www.rainbowkids.com/2005/08/news/adoption_bill.chtml
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