 |
adoptive parents
Parents waiting to find a child to adopt:
Carin and Ken! We live in a good neighborhood with great schools and
a nice home.
Find out more about us!
|
|
information for adopting parents
Okay, but how much can I expect to pay for adopting?
Probably the cheapest adoption will still cost several thousand dollars.
The home study alone costs between $1,500 and $3,000, depending on who does it
and whether or not they use a sliding scale.
Lawyers fees can be anywhere from a few thousand to several thousand.
To offset the expense of adoption, the US government has allowed a tax credit
of up to $10,160, which can be claimed over several years.
The Hope for Children Act (Public Law 107-16) increased the previous $5,000 adoption tax credit
for "qualifying adoption expenses" to $10,000 in 2002 and $10,160 in 2003. It also increases
the employer adoption assistance exclusion to $10,160.
|
|