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Where to go for Adoption Assistance
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Federal Adoption Expense Tax Credit
- For tax year 2005, the federal adoption expense tax credit increased to a maximum of $10,630 per adoption.
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State Tax Credits
- Several states have tax credits for adoptive families, sometimes restricted to those adopting from that state's public child welfare system. Contact your state adoption unit for more information.
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Adoption Subsidies
- Children with special needs may qualify for a subsidy to help parents pay for ongoing treatments. For more information:
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Nonrecurring Adoption Expense Reimbursement
- Families who adopt from the public system may be eligible for reimbursement of adoption-related expenses, such as homestudy, travel, and attorney costs.
Military Subsidies
- Active-duty personnel are reimbursed for one-time adoption costs, whether adopting an infant, a waiting child, or a child from abroad.
Employee Benefits
- More employers are offering adoption benefits for employees, and the dollar amounts of these benefits are growing, with the average expense reimbursement now approaching $4,000. Three resources for help in lobbying for these benefits:
Grants and Loans
- Other organizations that offer grants include:
Some adoption agencies and organizations offer adoption grants and/or low-cost loans. Agencies with such programs include Holt International, World Association for Children and Parents (WACAP), and Dillon International. (See the adoption agency listings in this Guide for contact information.) Low cost loans:
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Other Resources
- Look into cash advances from credit cards, second mortgages, home equity loans, and special adoption loans. Consider borrowing from your life insurance policy, 401(k), or pension plan. Approach your church about the possibility of adoption assistance. Perhaps you can tap friends and relatives. Maybe you can take a second job until your child comes, or identify a birthmother who already has medical insurance. More ideas are found in the booklet:
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