. . .Amidst rising inflation, soaring housing prices, and increased living costs, raising a family has become more expensive. Adoption itself is no exception; today, the process can cost between $20,000 and $45,000, making this meaningful path to family formation simply unaffordable for many. A 1985 Washington Post article gives an example of an adoption that cost just $4,000 in 1980, or about $15,000 in today’s dollars, indicating that adoption costs may have outpaced overall inflation rates.
While some outstanding nonprofits help reduce the financial barriers to adoption, the process is still far too costly for many would-be parents. Enter third-party “baby brokers,” firms that sometimes use unethical practices to connect prospective birth mothers with adoptive parents. These brokers are not licensed adoption agencies, have no legal authority to place children, and are inadvertently driving up the cost of adoption. . .
Thankfully, there’s a practical solution that could make adoption more accessible: the Adoption Tax Credit Refundability Act. Introduced in 2023, this bill has garnered bipartisan support, including from Senators Josh Hawley, R-Mo., and Elizabeth Warren, D-Mass. In a hyperpartisan political landscape, and in the aftermath of a divisive presidential race, it is encouraging to see a measure that both sides can rally behind.
National Review Institute Senior Fellow Kathryn Jean Lopez recently said in a webinar, “[A]fter Roe, Dobbs — what it means to be ‘pro-life’ has to be more of an examination of conscience. We have to be more creative about it … and there also is tremendous opportunity for common ground.” The Adoption Tax Credit Refundability Act is common ground and a measure of support for both children and families.
The Adoption Tax Credit Refundability Act would amend the U.S. tax code to provide adoptive parents with a refundable tax credit for adoption-related expenses. The current adoption tax credit, which is non-refundable, functions like a deduction: it reduces a family’s tax liability but doesn’t put money back in their pockets. The new refundable credit will do just that for many low- and middle-income families. Given today’s cost of living, this tax relief could allow more families to pursue adoption and provide loving homes to children. (Read more from “Congress’s Adoption Tax Credit Legislation Is Pro-Life and Pro-Family” HERE)