Military Families and Adoption: A Bulletin for Professionals
What are the benefits of using military families as adoptive resources for children? Several Adoption Opportunities grants (demonstration projects funded by the Children's Bureau) in the early 1990s demonstrated the benefits of placing children with military families. They found the military to...
Who is Eligible for Adoption Benefits
Inside Adoption Benefits Plans Why Would a Company Offer Benefits? Who is Eligible for Benefits? How Do Plans Actually Work? Adoption Leave Typical Company Plans Laura Michaels, 33, has been a secretary at the Campbell Soup Company in Camden, New Jersey, and her husband, Jim, decided to... Senate Committee Holds Stacked Hearings on Indian Child Welfare Act
With the exception of Sen. Slade Gorton (R-WA), the Indian Affairs Committee has voted to delete Title III of H.R. 3286 as it passed the House included tax benefits for adoptive parents, anti-discrimination language and Title III, substantive reforms of the Indian Child Welfare Act. Indian Affairs... Good News for Adoptive Parents !!!!
Beginning in 1997, you may be able to take a new tax credit of up to $5,000 for adoption expenses ($6,000 for a "special needs" child). Also, beginning in 1997, qualified adoption expenses paid by your employer, may also be excluded from your income (again, $5,000 for an adoption, $6,000 for...
Adoption Fundraising: Loans
September 5, 2007, 10:56 am
We live in a world that is sinking in debt, however I strongly believe that not all debt is bad debt. If you own your own home and are financially secure, taking out a home equity loan with a low interest rate to finance your adoption seems like a wise move to me. Not only will you realize your... Preparing for Taxes After an Adoption
January 2, 2008, 6:31 pm
The beginning of a new year always finds me buried knee deep in paperwork. Like most people who are expecting a tax refund, we like to file as soon as possible. In order to pull that off by the first week of February I need to begin sorting paperwork and entering numbers now. This is partly... Adoption Tax Credit
August 20, 2011, 4:34 pm
For the next couple of years, adoptive parents will not be dreading April 15 -- Tax Day. Thanks to the Federal Adoption Credit, many people can offset some of the rather high costs associated with adoption.
I knew about the adoption tax credit, but I must admit that I did the bare minimum for...