What Does it Look Like to Ransom a LIFE? Beautiful blog post by Tracie Loux demonstrating how every cent matters and makes a difference!
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Federal adoption tax credit
Under this law adoptive families may be eligible to receive an income tax credit for their adoption expenses, to over $11,000. You can find additional information by calling 1-800-829-3676 or by accessing the IRS website at www.irs.ustreas.gov.
Special Needs Adoption
Many agencies offer significant reductions in fees for children with special needs. The definition of what conditions qualify as special needs can vary from agency to agency. Some are long-term conditions while others are treatable and correctable. Ask your agency what reductions in fees they offer for children with special needs.
Adoption from state foster care
In many states couples who adopt children from a state foster care system will pay little to nothing. If the child is considered a “special needs” child, he can receive a monthly subsidy.
Employee adoption benefits
Many corporations assist employees with adoption expenses. Contact your human resources department for more information. For a list of employers that offer such benefits call 1-800-TO-ADOPT.
Military families
The U.S. military will reimburse active duty personnel up to $2,000 in adoption expenses after adoption finalization has occurred.