Costs, Grants and Tax Credits
International Adoption
Costs
The
estimated cost of an adoption ranges from $18,000 - $27,000. The cost
will depend upon the country from which you choose to adopt. This total encompasses the agency program fee, international legal fees,
home study costs, dossier processing and preparation and travel
expenses.
Adoption Grants
and Loans The
National Adoption Foundation 203/791-3811
(grants) 800/626-2760 (unsecured loans) 800/841-1982 (secured loans)
www.nafadopt.org
JSW
Adoption Foundation Gene Wyka, Executive
Director 127 E. Main St., Suite 5 Port Washington, WI 53074 Home equity
loans; loans from life insurance policies and retirement plans
National Endowment for Financial
Education Publishes a comprehensive booklet, "How to Make Adoption an Affordable Option," which can be ordered free of charge by calling 303/741-6333 and asking for item #602-E. This booklet can also be downloaded online -- www.nefe.org
Tax Credits Adoption Tax Relief
Reconciliation Act of 2001
1. Up to $10,000 tax credit will now be available for adoption
expenses. Phase-out of credit begins at $150,000 of adjusted gross
income.
2. If your employer provides adoption assistance, up to $5,000
is tax exempt.
3. All adoption fees and expenses which are directly
related to the adoption qualify for a deduction.
4. For clients residing outside Wisconsin, please contact your
taxing authority or tax preparer to find out about tax credits in your
state.
Employee Adoption Assistance
Benefit Programs Many employers help their employees when they adopt by reimbursing adoption expenses with a cash benefit of up to several thousand dollars. These benefits are tax exempt. If your employer does not offer this benefit, call the Adoption and the Workplace Project at the National Adoption Center (800/862-3678) for materials to guide you in requesting this from your employer. www.adopt.org
Subsidies for Military
Families
Donations From Churches and Community
Groups
Please visit our country sites below to find out more
about Adoption Choice and our wonderful programs.
China* | Kazakhstan*
| Russia* | Ukraine |