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Family Resourcesa Minnesota licensed non-profit adoption agency
Family Resources has moved to a new location 11311 Dayton River Road
Hope for Children Act Tax Credit The Hope for Children Act was signed into law by President Bush on June 7th 2001. The act increased the adoption tax credit from $5,000 to $10,000 for all adoptions. It also increases income limits from $75,000 to $150,000. The Hope for Children Act is indexed for inflation to ensure that the tax credit and income limitations continue to rise alongside the cost of living. For tax year 2005, the tax credit is $10,630 and you have this year and up to the next five years in which to use it. The Hope for Children Act applies to all adoptions - both domestic and inter-country. Like current law, in order to claim the tax credit for inter-country adoptions, the adoption must be finalized. For IR-3 visas, finalization usually occurs abroad. For IR-4 visas, finalization usually occurs in the United States.
U.S. Speeds Citizenship Papers for Children
Although the 2000 Child Citizenship Act made all foreign born children U.S. citizens at the time of their adoption, parents still had to submit an application for citizenship and wait many months for it to be processed. Proof of citizenship is required for a Social Security number, which the child needs to be claimed as a dependent for income tax purposes; to obtain government medical benefits; enroll in school and be issued a U.S. passport.
Social Security Information We have been
advised by our local Social Security office, that internationally adopted
children receiving social security numbers prior to being able to demonstrate US
citizenship (only known available proof at the present time is a US passport)
receive, in the Social Security computer system, an alien status. This alien
status is not reflected on the card, but could pose problems, should the child
need to collect social security benefits, some time in the future. If you have
obtained a social security card for your child without demonstrating proof of US
citizenship for that child (US passport of the child), please return to the
social security office once you obtain their US passport and show it to the
Social Security officer and request that your child's status be changed from
alien to US citizen. Please be
advised that if you obtained a Certificate of Citizenship for you child prior to
the law change last February 2001, that also serves as proof of citizenship.
Such a Certificate of Citizenship can no longer be acquired and proof is replaced
by the US passport. Please
find the following link to file for a US passport for your child.
Family Resources |