Dear Families:
Officials from the US Department of State and the Russian Federation have been meeting each month since May to hammer out a bilateral agreement between the two countries affecting international adoption. All talks have been productive and it is anticipated that an agreement will be finalized as early as December 2010. See the Department of State website for the most recent update:
http://adoption.state.gov/news/russia.html
Adoption Tax Credit news!
More news on the adoption tax credit! The credit was raised in 2010 by the health care bill, and raised for 2011 by the tax code revisions in December 2010. The credit has been increased and made refundable – this means that the total amount of the credit will be returned to eligible adoptive parents regardless of their tax liability. This is a SIGNIFICANT change from the past and has only been authorized by Congress for 2010 and 2011.
Adoption tax credits CAN be taken on international as well as domestic adoptions. Please seek advice from your tax preparer if you have spent any monies on adoption in 2010 or earlier!
Beacon House accredited Russian adoption program remains stable and fast. Families are moving through the process, identifying their child, traveling to Russia and coming home in record time! Adoption is an expensive undertaking. The renewal and increase of the federal tax credit will help many families to adopt this year and next. Now is the time to start your journey!
Children available for adoption in Russia reside in orphanages. The resources for taking care of these children are limited to some extent, and while good care is given, these children need homes. They need families. Children of all ages may be available for adoption, click here for further information.
In the Russian Federation, accredited agencies are permitted to engage in international adoption activity. Beacon House has been one of these elite agencies since 2001. Our most recent, and non-expiring accreditation was received on January 28, 2008. American families have shown that adoption from Russia continues to be a popular choice, with many thousands of adoptions being completed over the past 20 years. While we celebrate our more than 20 years of service to families and children, we invite you to join our program today!
Beacon House specializes in Russian adoption. Rather than having many small programs, Beacon House has followed the philosophy of becoming expert in one program. A full staff both in the US and in Russia provides person services to all our families, walking you through the process from start to finish. Each step of the way, we have someone to answer your questions, provide support or assistance, navigate for you the international process.