Whatever you think of the new health care legislation, adoptive parents will realize one benefit: the Adoption Tax Credit, which was set to expire this year, will be renewed through December 21, 2011. The maximum reimbursable limit for adoption-related expenses was raised from $12, 150 to $13, 170. In addition, the Adoption Tax Credit will benefit families who have no taxes or a very small amount of taxes due, because it is now refundable. The credit lessens for adopters with income of over$ 180,000 per year, and continues to lessen as incomes go up until it is eventually phased out. … Continue reading →