Still learning about the tax credit, myself.
But here is a great article on the Adoption tax Credit, put out there by our friends at Adoptive Families Magazine. I love that magazine. I receive it in my home as the printed magazine, and I belong to the Adoptive Families Circle online which sends me emailed newsletters. If you are considering adopting you should get it too!
Here is the article link. http://www.adoptivefamilies.com/articles.php?aid=2126
Here is an important excerpt:
"The current adoption tax relief is set to expire in December 2011. Unless there is further legislation, in 2012 the credit will revert to its pre-2001 state.
The good news is that a number of bills before Congress contain provisions that would render the adoption tax credit virtually permanent. Your next step: Once your child is tucked in for the night, head to thomas.loc.gov and find out whether your Congressperson is co-sponsoring any of these bills (search “adoption tax”). If not, consider writing to him or her describing your adoption experience and the significance of the adoption tax credit..."