News From Terre Haute, Indiana

Opinion

January 12, 2014

EDITORIAL: A tax credit for adoptive parents

Pence’s proposal merits consideration

TERRE HAUTE — In a world, and state, in which thousands of parent-abandoned children cry out for family nurturing and upbringing, an idea Gov. Mike Pence has proposed merits a close look by the Indiana General Assembly as it meets in 2014.

Pence wants Indiana to establish a tax credit to offset a family’s adoption expenses, which, it seems, can run as high as $50,000.

This Indiana credit would augment a federal Internal Revenue Service tax credit of $12,970. That credit can cover, according to the IRS, “qualified” expenses that would include such things as adoption fees (for example, one agency in Fort Wayne charges a $12,000 fee), court and attorney fees, travel expenses and some other expenses directly related to legal adoption.

Under IRS regulations, that is a dollar-for-dollar cut of federal taxes owed, which is better than a deduction that reduces taxable income.

In 30 years, that tax credit has risen from $1,500 (in 1981) to a high of $13,360 (in 2011), and in the beginning, it applied to special needs adoptions only. For two recent years, 2010 and 2011, the credit was, in fact, refundable to the federal taxpayer. It has now returned to nonrefundable status.

Pence’s idea enters the picture as an addition to the current IRS tax credit; he wants Indiana taxpayers who qualify to be able to claim 10 percent of the federal amount, or roughly $1,300, on their state income taxes.

Reaction to Pence’s idea so far seems to be light, probably as the public absorbs the elements of a broader agenda of family issues he is parading out this winter.

Those limited reactions that have reached the horizon seem to support Pence’s thinking (sample headline: “Adoption supporters laud Pence tax-credit plan”). Some who support the idea of a state tax credit do, however, contend that it should be larger.

Pence and his wife have a uniquely personal interest in adoption. They were in the final stages of adopting a child when they got news that their own child was on the way.

They recall the feelings they had, both before and after their good news — the longing for a child, the joy in parenting.

From that perspective, Pence told the Associated Press, “we (he and his wife) have seen that there are all kinds of ways of putting families together, and adoption is chief among them apart from the natural process.”

For that reason, Pence says he wants Indiana to be seen as the nation’s “most pro-adoption state.”

It appears that Pence’s state tax credit idea moves Indiana closer to earning that banner.

1
Text Only | Photo Reprints
Opinion
Latest News
TribStar.com Poll
AP Video
Small Plane Crash in San Diego Parking Lot Dangerous Bacteria Kills One in Florida Smartphone Powered Paper Plane Debuts at Airshow Raw: Thousands Flocking to German Crop Circle Fighting Blocks Access to Ukraine Crash Site Florida Panther Rebound Upsets Ranchers Texas Scientists Study Ebola Virus Ravens' Ray Rice: 'I Made a Huge Mistake' 3 People Killed, Deputies Wounded in NC Shootout Visitors Feel Part of the Pack at Wolf Preserve House Leaders Trade Blame for Inaction Workers Dig for Survivors After India Landslide Raw: Otters Enjoy Water Slides at Japan Zoo Raw: Deadly Landslide Hits Indian Village Cantor Warns of Instability, Terror in Farewell Southern Accent Reduction Class Cancelled in TN Busy Franco's Not Afraid of Overexposure Raw: 16 Killed in Gaza Market Strike Obama Slams Republicans Over Lawsuit LeBron James Sends Apology Treat to Neighbors
NDN Video
Famous Internet Cats Help Big Cause With Viral Video Raw: Obama Gets Hug From Special Olympian Snoop Dogg Narrating Animal Footage Is Perfect Tigers Acquire David Price - @TheBuzzeronFOX Russell Brand Slams Sean Hannity Over Gaza Conflict Segment Chapter Two: Composing for a film in retirement Woman's Dive Goes Terribly Wrong Brian Williams Reports on Daughter Allison Williams' 'Peter Pan' Casting News Did Jimmy Fallon Look Up Heidi Klum's Dress? What Drama? Miranda Kerr Poses Topless Plane crashes in San Diego Costco parking lot Justin Bieber Takes To Instagram To Diss Orlando Bloom You Won't Believe the Celeb Cameos in "Sharknado 2" Pitch Invading Morons Cause Chaos - @TheBuzzeronFOX Orlando Bloom 'Takes a Swing' at Justin Bieber In Ibiza Sadie Doesn't Want Her Brother to Grow Up "Maxim" Hotness! See Jessica Alba's Sizzling Spread Two women barely avoid being hit by train Broken Water Main Floods UCLA Orlando Bloom and Justin Bieber Reportedly Came To Blows In Ibiza
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
  • -

     

    March 12, 2010

activity