Although the total cost of an adoption is a significant amount of money, payments are made in stages. To get some ideas, request a copy of the booklet "How to Make Adoption an Affordable Option." Written by the National Endowment for Financial Education, the publication is available by calling (303) 741-6333 or on the web at www.nefe.org/adoption.
Adoption Tax Credit:
Parents earning up to approximately $150,000 can benefit from the full $10,000 + credit (not just a deduction). The amount of the credit decreases as your income approaches $190,000. Consult your tax provider and access IRS information at www.irs.gov. You can find Publication 968 about tax benefits for adoption at www.irs.gov/pub/irs-pdf/p968.pdf and Form 8839 about qualified adoption expenses at www.irs.gov/pub/irs-pdf/8839.pdf.
Across The World Adoptions accepts Visa and Mastercard. Speak with us regarding installment billing to your card.
Adoption Loans and Grants:
Low interest loans are available through "A Child Waits Foundation." Contact them at (866) 999-2445 or through their website at www.achildwaits.org. "The Gift of Adoption Fund" provides grants to subsidize a portion of adoption expenses. Their phone number is (262) 268-1386 and their web site is www.giftofadoption.org "Bright Futures Adoption Assistance Foundation" can be accessed at www.homestead.com/brightfutures. Grants and loans are offered through the "National Adoption Foundations" website at www.nafadopt.org. MBNA offers loans. Contact them at 800-448-7061. Other financial institutions may also have loan programs. Check out www.adoptionloans.com. Across The World Adoptions may be able to apply for a grant on behalf of a specific child if you are considering the adoption of an older or special needs child or a sibling group. California families hoping to adopt from Russia, Kazakhstan and Eastern Europe may e-mail "The Domoi Foundation" about possible loans at DomoiFamilies@home.com. Information on state and federal subsidies may be available through the North American Council on Adoptable Children (NACAC) by calling (800) 470-6665 or through their website: www.nacac.org/adoptionsubsidy.html.
Christian families may receive financial help from shaohannahshope.org or call "Christian Adoption Resources" at (717) 243-8492. The Hebrew Free Loan Association provides interest free adoption loans to Jewish adults residing in N. California. They can be reached at (415) 546-9902 or through their web site at www.hflasf.org. Check within your own religious organization about any adoption financial assistance that might be available to you.
Adoption benefits through your employer (see the National Adoption Center's workplace initiative at www.adopt.org/workplace), subsidies for active military, borrowing against your retirement or life insurance, and checking with your own financial institution are other possibilities. This may also be a good time to ask family members for a loan or a gift.