After the House Republicans’ November 2, 2017 tax reform proposal threatened to eliminate the Adoption Tax Credit, it has been reinstated by Committee. Learn about this vital credit and steps to enhance its benefits for children and families.
Adoption Cost & Wait Time Information
Information on the cost of adoption and how long it takes to adopt a child through domestic, foster, or international adoption.
Take the 2016-2017 Adoption Cost & Timing Survey on the average adoption cost and timing of the domestic, foster, or international adoption process, and see results from previous years.
Each year, Adoptive Families polls newly formed families across the country to get actual information on the cost and length of time it took them to complete their adoptions. We are grateful to every one of you who took our most recent Adoption Cost & Timing Survey.
View the replay of the “Adoption Tax Credit Webinar” with Becky Wilmoth, EA, for an overview of the credit—what is covered, what is not, how the guidelines differ for families that adopt internationally vs. domestically or from U.S. foster care, and how and when to file for it.
Each year, the IRS adjusts tax provisions to account for inflation. Learn about changes to the adoption tax credit for tax year 2017.
Check out the average cost ranges for donor egg, donor embryo, and surrogacy, and see how they compare to adoption.
What is an adoption assistance program?
Are all children from foster care considered “special needs,” and, therefore, eligible for the full adoption tax credit?
For working people who want to adopt, the need to take time off without pay may put adoption beyond your financial means.
Each year, Adoptive Families polls newly formed families across the country to get actual information on the cost and length of time it took those families to complete their adoptions. We are grateful to every one of you who took our most recent Cost & Timing of Adoption Survey.
You saved and scrimped for your adoption. Now, you’re raising a child on one income.
I found that I couldn’t exclude my adoption reimbursement from my income on my taxes because my employer’s program is not “qualified.” Do I have any recourse?
All adoptions, wherever from and via whatever method, include a home study, the process where a social worker checks that you are eligible to adopt. After that, budget items vary.
There are enough sources of financial support for adoption so that you can, in all likelihood, get your costs down to a manageable figure.
Well, it varies! As a general rule, foster-care adoptions cost less than private or international adoptions. Learn the hidden costs and types of payments that are illegal.
There’s no way around it — expanding your family is expensive. Can the federal adoption tax credit help?
View the replay of the webinar “Adoption Costs,” with Denise M. Bierly, Esq., and Sue Orban to learn about domestic, foster, and international adoption costs and funding strategies.
Efforts are underway to make the adoption tax credit refundable, and available to lower income families with the 2015 Adoption Tax Credit Refundability Act.
We asked our reader panel: How did you finance your adoption? Share any cost-cutting or creative financing strategies with other readers.
Failed adoptions can be both emotionally and financially taxing. Here’s what you need to know about claiming tax credit for a failed adoption.