This definition appears very rarely
and is found in the following Acronym Finder categories:
See other meanings of ATC
We have 807 other definitions for ATC
in our Acronym Attic
Samples in periodicals archive:
The Affordable Care Act has set the 2011 Adoption Tax Credit at $13,360.
Domestic adoption costs range from $5,000 to $40,000, but the adoption tax credit (currently refundable) can offset these costs.
Families who adopted a child with special needs from foster care in the United States could claim a federal adoption tax credit even if they had no adoption expenses.
Their initiative, introduced last November, includes prohibiting the transport of a minor across a state line to obtain an abortion; fully funding the federal government's Nutrition for Women, Infants, and Children program; requiring insurance to cover contraception; providing grants to nonprofit, tax-exempt organizations for ultrasound equipment to provide free examinations to pregnant women; making adoption tax credits permanent; and initiating a five-year study by the National Institutes of Health on why women choose abortions.
To help with the costs of adoption, the federal adoption tax credit has been increased to $10,000.
We especially welcome the proposals to simplify the tax laws for families, including the proposals to adopt a uniform definition of qualifying child for purposes of various child-based benefits, to eliminate the income-related phase-outs for the adoption tax credit and exclusion, to eliminate the household maintenance test for head-of-household filing status, and to simplify the complex computational and eligibility requirements for the earned income tax credit and child tax credit.
Last year, President Bush signed a revised adoption tax credit to increase the amount of the credit to $10,000 for all adoptive families.
The session also included a paper by Warren Hrung, from Treasury's Office of Tax Analysis, entitled "Credit Carryforward Utilization: The Adoption Tax Credit.