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With the signing of the new health care bill, adoptive parents received some very welcome news. Not only will the adoption tax credit be extended until December 2011, but it has also been increased from $12,170 to $13,170 for adoptions occurring after January 2010. And for the first time, the credit will now be refundable. Families may receive a refund for documented expenses for the adoption of their child.What this mean to adoptive families:The best news: This new tax law means that adoptive parents may apply up to $13,170 of their adoption expenses toward their taxes owed, thereby decreasing the amount owed overall by this amount. However, the news gets even better. For the first time, families may be getting cash back from the IRS for their adoption expenses. That's right, the credit may now be taken as a refund for the first time. In the event that the couple owes less than the tax credit amount stated, they may receive some or all of the balance as a refund on their Federal taxes. The tax credit is important to both international and domestic adoptive families, but it's greatest beneficiaries are the children who will now have permanent families thanks to adoption being more affordable. Many groups and individuals have successfully lobbied to help extend this tax credit beyond its original expiration date of December 2010, and are still seeking to make the tax credit permanent. As we celebrate the extension of the deadline to December 2011, we must also remain vigilant in seeking to make this legislation a lasting gift to the children who wait. |
† Mission Statement †
Wednesday, March 31, 2010
Adoption Tax Credit
Mocha Club Update!
See what happened on Char & Skiff’s last 10 days in Africa…living in rural Zimbabwe and Ghana, eating local food, and hanging with folks at several Mocha Club projects – the Zimbabwe orphans in Bulawayo, the Grace Orphans and the Grace AIDS project in Sunyani, Ghana…
So, if you haven't done so already.... won't you JOIN US in supporting this ministry in Africa?! It's only $7 per month (the cost of two mochas!) and you receive a FREE t-shirt when you join! Seriously! What are you waiting for?! :)
Tuesday, March 30, 2010
FREE Food & Water
Friday, March 26, 2010
Dressed for HOPE
Thursday, March 25, 2010
Monday, March 22, 2010
World Water Day & New Financial Aid!
TODAY..... is World Water Day. You can 'celebrate' with us and get one of these:
When you buy a water bottle, 15 Africans get clean water. That means fewer women in Africa will have to walk six kilometers to collect water. And because of this, they won’t be carrying the 44 pounds of water that they normally carry on their heads that whole way. Think of what they could do with all the time and energy saved.
Friday, March 12, 2010
Mocha Club
Monday, March 8, 2010
Widows & Orphans - WIPHAN
Wiphan was started just 3 years ago…and we’ve just had our 501 non-profit status for TWO years. It went from one friend of ours—to our family—to 3 more families…and we had a board! For awhile—it was just us + 450 orphans + 150 widows. We trusted the Lord to provide the thousands of dollars of month we would need to run–and He has always provided. Last year we started our sponsorship program to invite OTHER FAMILIES to join us! I would LOVE to see all TWENTY of our children who still don’t have sponsors sponsored by Friday!
OK—so how can you help?! We need voices! We need others who have hearts for orphans to speak with us! And if you have a blog—well, you have a voice and you probably have lots of readers!!! The MORE people we refer to the Wiphan site…the MORE people will find out about Wiphan and our sponsorship program!
Zambia isn’t really open to adoptions…so for these kids–the only hope is for them to be cared for in country. We have TWO schools and 450 kids—with MANY MORE who would LOVE to be in our program. BUT before we can grow–we need to find sponsors for the children on our list. Many of our children waiting for sponsors are “older children”. Maybe you don’t qualify for adopting an older child–but you could sponsor one!Maybe your budget really is too tight–but you could blog about them and be their voice!