Archive for February, 2012

Calling all Korean Adoptees and Adoptive Families

  • South Korea has set an annual quota on the number of children that can be placed for international adoptions and is reducing this quota each year.
  • The Korean government has focused on increasing domestic adoptions for many years, but the Korean culture, with its Confucian emphasis on familial blood lines, has historically been resistant. Since the domestic adoption incentives were instituted in 2007, domestic adoption rates have remained roughly the same.
  • The Korean government is increasing support for single mothers, but the Korean society still strongly disapproves of unwed motherhood, and 80-90 percent of all babies born to unmarried women in South Korea are relinquished.
  • Adoption, both domestic and international, is an option for very few children without parents in Korea.  Koreans have a strong preference when adopting for healthy baby girls.  International adoption is an option only for infants that are relinquished by their birth mothers to one of four adoption agencies in Korea. Government statistics show that of the 8,590 abandoned and relinquished babies and children in 2010, 1,462 were adopted domestically and 1,013 were adopted abroad.  The remaining 6,115 babies and children will spend their childhoods in one of the large child welfare institutions throughout Korea, aging out at 18 to a society deeply prejudiced against them with limited job and social opportunities.
  • There are currently 20,000 children in South Korea waiting to be adopted. Of these children, many have special needs, and their hopes are bleak for one day finding a forever family.

This is the sad and frustrating reality.  But there is something you can do, right now, to possibly change this reality.  Voice of Love (VOL) is a campaign with the sole focus of advocating for the Korean international adoption quotas to change.  They support the Korean government’s efforts to promote domestic adoption, but “believe that it is impossible to advocate domestic adoption while imposing strict limitations on international adoptions. If adoption is a blessing when it takes place domestically, it is also a blessing when it happens internationally.”

This campaign is not asking for your money, all they need you to do is the following:

Please help the children of Korea who wait and without your help will continue to wait.

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By Leslie in In The News  .::. (Add your comment)

VIETNAM ADOPTIONS DELAYED

Notice: U.S. Department of State to delay resuming adoptions in Vietnam
The United States has determined that it will not resume intercountry adoptions in Vietnam on February 1, 2012, when the Hague Convention on Protection of Children and Co-operation in Respect of Intercountry Adoption will enter into force there.

Despite Vietnam’s initiatives to strengthen its child welfare system and ensure the integrity of its domestic and international adoption process, it does not yet have a fully Hague compliant process in place. We continue to caution adoption service providers and prospective adoptive parents that, to ensure that adoptions from Vietnam will be compliant with the Convention, important steps must still take place before intercountry adoptions between the United States and Vietnam resume. Adoption Service Providers should not initiate or claim to initiate, adoption programs in Vietnam until they receive notification from the Department of State that it has resumed adoptions in Vietnam.

The Department of State will provide updated information on www.adoption.state.gov as it becomes available. If you have any further questions about this notice, please contact the Office of Children’s Issues at 1-888-407-4747 within the United States or 202-501-4444 from outside the United States.

http://www.adoption.state.gov/

www.adoption.state.gov

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By Leslie in Articles  .::. (Add your comment)

ADOPTION TAX CREDIT

An adoption tax credit is tax credit offered to adoptive parents to encourage adoption,

Section 36C of the United States Internal Revenue code offers a credit for “qualified adoption expenses” paid or incurred by individual taxpayers.The credit is now refundable as of 2010, due to changes included in the Health Care and Education Reconciliation Act of 2010[2].

Qualified adoption expenses

Qualified expenses include: adoption fees, court costs, attorney fees,traveling expenses (including amounts spent for meals and lodging while away from home), and other expenses directly related to and for which the principal purpose is the legal adoption of an eligible child. The adoption tax credit is per child, thus the credit doubles when adopting two children in the same year. [3] It is also important to note that this is a “credit” not a mere “deduction.” [4] A tax credit is a dollar for dollar reduction of federal tax, not a reduction of taxable income, such as with a mortgage payment.

Parents who adopt a child with special needs (meaning a child who receives adoption assistance/adoption subsidy) can claim the full credit without documenting expenses. (See the IRS FAQs, paragraph 2 of question 1 athttp://www.irs.gov/individuals/article/0,,id=231663,00.html.) Parents will need to document the child has special needs, and this documentation can include the adoption assistance/adoption subsidy agreement, a letter from the state/county approving the child for adoption assistance/adoption subsidy, or a letter from the state/county child welfare agency stating that the child has special needs. See question 13 at the FAQs for information about documentation.

Limitations

To be eligible for the full tax credit, the adopting parent’s modified adjusted gross income cannot exceed $182,520. The taxable income may reach $222,520, but it is gradually phased out when in excess of $182,520.

The tax credit became refundable for 2010 and 2011. A refundable tax credit is one you get back regardless of what you owe or paid in taxes for the year.
Families who adopted from 2005 to 2009 may be able to benefit from the refundable credit because credits from those years can be carried forward until 2010. (Families who adopted in 2003 and 2004 may be able to take some limited advantage of the credit but will not benefit from refundability. Families who adopted earlier will not benefit from the credit if they did not take it already.)

For more detailed information, please visit the IRS site at:

http://www.irs.gov/taxtopics/tc607.html

You can also visit NACAC’s site for an explanation:

http://www.nacac.org/taxcredit/taxcredit.html

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By Leslie in Articles  .::. (Add your comment)


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