China
Guatemala
Russia
Vietnam
Brazil
India
EthiopiaAdoptive Parents may be eligible for a federal income tax credit of up to $11,390 (on 2007 Returns) for qualified adoption expenses if your Adjusted Gross Income (AGI) is less that $170,820. If your AGI is between $170,820 and $210,820, your available tax credit will be reduced. For an AGI of $210,820 and greater, the tax credit is not available. IRS Publication 17, Chapter 37, explains more about the tax credit for adoption and how it applies to you - access this publication at http://www.irs.gov/publications/p17/. We recommend that all adopting parents should consult your tax advisor and/or local IRS office for guidance in determining your eligibility for the adoption tax credit.
The military will reimburse active-duty personnel whether adopting a healthy infant, a waiting child, or a child from abroad. Although these amounts are subject to change, currently adopting couples or singles can receive up to $2000 per child or $5000 maximum per calendar year for siblings for adoption related expenses. Learn more by reading this Fact Sheet.
Each state has an adoption subsidy program where Federal money is granted to adoptive families who qualify, according to your particular state's requirements. However, please keep in mind that some states are resistant to making these benefits available for U.S. citizens who adopt internationally. Specifically, a state adoption subsidy is to be given to children who are considered to have special needs. However, many of the conditions listed under each state's guidelines for what qualifies as a "special need" are fairly minor medical conditions. Some are serious, but many are not. If you are adopting a child with special needs, here is another opportunity for financial assistance. If the child you are adopting has been diagnosed with what you consider a minor medical condition or any developmental delays, it is still worth your time to check with your state to see if you qualify for assistance. Click here for a profile of each state's adoption subsidy program.
