Washington D.C., Nov 9, 2017 / 16:36 pm America/Denver (CNA).
Republican leaders have restored the adoption tax credit to their federal tax proposal, after a week of criticism over the credit’s omission from the original House plan.
On Thursday, it was announced that the adoption tax credit is included in the Senate version of the tax plan, and has been restored to the House version, where it had originally been left out.
Created through a bipartisan effort in 1996, the tax credit allows families a maximum credit of $13,570 per eligible adopted child.
Advocates for the credit argue that it helps defray the high costs of adoption, which might prevent children otherwise eligible for adoption from finding families. They also argue that encouraging adoption saves state and federal money that would otherwise be spent on children in the foster care system.
The cost of a domestic adoption frequently tops $30,000, and international adoptions are even more expensive, according to the Evan B. Donaldson Adoption Institute.