Tax bill could make adopting more difficult
HAMILTON COUNTY, Tenn. —
Despite nearly 400,000 American children in foster care, adopting is far from simple.
Brittany and Dustin Carpenter know that better than anyone.
The couple has been married since 2008 but is unable to have children of their own.
Two years ago, the Carpenters began the adoption process.
"We always kind of knew that adoption would be in the picture, we didn't know when it would happen," Brittany tells NewsChannel 9.
The couple quickly learned that adopting takes time and money.
"We've paid with a local company in town, roughly $10,000," Dustin Carpenter says.
That figure just a first installment.
"When a placement happens, we'll have to pay another $10,000," he says.
That is in addition to legal fees and months, sometimes even years on waiting lists.
The bill was almost enough to deter the couple from going through with the process but the adoption agency quickly reassured them they wouldn't be alone.
"That's one of the selling point of the agency, they always make sure you know especially when you're looking at financials," Brittany says.
The agency informed Brittany and Dustin that they would be eligible for a tax credit to help offset the cost of adoption.
"This past year, we were able to claim part of that tax credit and were able to write off $10,000 of the $13,000 or so for the credit," Dustin says.
When the Carpenters heard that the House Republican's Tax Cuts and Jobs Act gets rid of that tax credit, the two were disappointed.
"If they go back and take that part away, then we wouldn't be able to claim the rest of what we've done with this adoption," Dustin tells NewsChannel 9.
The couple believes that the move would dissuade other perspective parents from going through with the process.
"There's so many children that need homes and I really feel like this is a huge advantage to help people achieve that. If they take that away it will be an even bigger problem than it is now," Brittany tells NewsChannel 9.