Adoption tax credit could be cut under proposed tax reform
Tax reform proposed by Republicans on Capitol Hill would end an adoption tax credit used by families to help cover the cost of adopting through a private agency or internationally.
Action 2 News spoke to Heather Bernhardt. She and her husband have three kids, all of whom were adopted.
“When we lost twins about 7 years ago, we decided that instead of investing money on infertility, adoption was the way to go,” said Bernhardt.
To adopt their son Brady, the couple used the adoption tax credit. It's about $13,500 depending on the household income and can be used for things like court costs and agency expenses.
If the adoption tax credit gets cut, Angie Flannery at the agency "Adoption Choice" said many families would be priced out.
“We would see many families that would not be able to adopt because the expense of adoption really hinders some families from being able to grow their family through adoption. It really helps families to be able to adopt,” said Flannery, the executive director at Adoption Choice in Green Bay.
The office of House Speaker Paul Ryan sent this statement in response to this issue:
Lawmakers who support the proposed tax reform bill hope it passes by Thanksgiving.