Paying For Adoption Costs

A blog visitor asked: I have been looking into adoption recently, and was discouraged about the costs. I would love any kind of advice, or information about making it more affordable. How can a lower income family afford it? I took the question to our adoption forum members and this is what they suggested: This [...]

Adoption Tax Credit

You may be able to take a tax credit for qualifying expenses paid to adopt an eligible child (including a child with special needs). The adoption credit is an amount subtracted from your tax liability. For expenses paid prior to the year the adoption becomes final, the credit generally is allowed for the year following [...]

   
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