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FINANCIAL
ASSISTANCE OPTIONS
FEDERAL TAX CREDIT:
You may be able to take a tax credit for
qualifying expenses paid to adopt an
eligible child (including a child with
special needs). The adoption credit is an
amount subtracted from your tax liability.
The maximum adoption credit increased to
$11,650.
See:
www.irs.gov/publications/p17/ch37.html
www.irs.ustreas.gov
Click on Individuals then type in
“adoption credit” and do a search.
STATE TAX CREDIT:
In addition to federal tax credits, many
states offer some type of tax credit or
deduction for adoption. Contact your state
Division of Family Services and State Tax
Office to ask about your state’s credit or
to find out if you qualify for any state
subsidy programs.
MILITARY:
If you are on active duty in the military,
you may be eligible for reimbursement of
some adoption expenses. Check with
appropriate base personnel for information
and also check out Adoption.org and
type in the search words “adoption subsidies
military”.
BANK AND CREDIT UNIONS:
Check with your bank or credit union as a
resource for home equity loans, second
mortgages, etc.
WAITING CHILD ASSISTANCE:
Special considerations can be made on a
case-by-case basis for specific waiting
children. These children can include those
with moderate to significant medical
conditions as well as some older children
and large sibling groups. Reductions are
made on the overall fees for families who
qualify financially. Costs to travel to the
child’s birth country will still apply.
GRANTS AND LOANS:
A Child Waits Foundation
Telephone: 866-999-2445
(866-999-child)
FAX: 518-794-6243
Email for General Information:
cnelson@childwaits.org
Website:
www.achildwaits.org
Postal Address: 1136 Barker Rd., Pittsfield,
MA 01201
A Gift of Adoption Fund, Inc.
Telephone: 1-877-905-2367
Email:
info@giftofadoption.org
Address: P O Box 567, 2001
Waukegan Rd 5th Floor, Techny
IL 60082
National Adoption Foundation
FAX: 203-791-3801
Email:
info@nafadopt.org
Website:
www.nafadopt.org
Address: 5 Shelter Rock Rd.,
Danbury, CT 06811
Lifesong for Orphans:
www.lifesongfororphans.org Christian
based, provides matching grants, fund
raising assistance.
ABBAFUND:
www.abbafund.org Provides no
interest loans for Christian adoptive
families, intended to be a last means of
financing.
Helpful Websites:
www.affordingadoption.com sites various
resources
www.brittanyshope.org/financial.html |
