Duckworth Joins Cramer, Klobuchar, Colleagues in Introducing Bipartisan Legislation to Make Adoption Tax Credit Refundable
WASHINGTON, D.C. – U.S. Senator Tammy Duckworth (D-IL) this week joined U.S. Senators Kevin Cramer (R-ND), Amy Klobuchar (D-MN) and 15 Senate colleagues in introducing bipartisan legislation to help ease the financial cost of adoption and support prospective and adoptive families. The Adoption Tax Credit Refundability Act restores the refundable portion of the Adoption Tax Credit. By allowing the tax credit to be refundable, families will be able to access the full amount as a refund, even if the credit exceeds a family’s tax burden. The existing Adoption Tax Credit allows adoptive families to deduct up to $16,810 in qualified expenses. “We should be doing everything we can to make things more affordable for families,” Duckworth said. “Adoption can put a financial strain on families, but by making the Adoption Tax Credit fully refundable we’re helping ensure these families can keep more of their hard-earned money to pay for their loved ones’