Making Adoption Affordable
Tight on cash? That should not prevent you from adopting. There are many resources out there that can help you expand your family through adoption. We work with families of every income level. We find that most adoptive parents are not wealthy people--but, they have room in their hearts and homes for a child. Federal Adoption Tax Credit: Did you know that there is a federal tax credit there for you to use? Thousands of dollars are available that can help with: adoption agency fees, court costs, attorney fees, travel expenses and other things that are directly related to your adoption. There is an income limit for this credit but it is relatively high. The adoption tax credit is adjusted each year based upon the cost of living allowance. The maximum credit for 2013 is $12,970. The full credit is available to taxpayers with a modified adjusted gross income of $194,580 or less, and the credit will phase out completely at $234,...