Tax Credits
The federal government
now offers an adoption tax credit of $10,000 to all adoptive
families on qualifying expenses paid for a child's adoption.
Request Federal Publication #968 - Tax Benefits for Adoption.
Many states also offer adoption tax
credits or an income tax deduction for families who are
adopting a child. Please check with a local tax accountant
for possible tax credits and/or tax deductions available
to you from the state in which you are residing.
www.irs.gov/pub/irs-pdf/p968.pdf
Employer Benefits
Many companies offer
adoption benefits to their employees which may range from
financial assistance to parental leave. A list of companies
who provide adoption benefits has been compiled below. Please
check to see if your company has been listed or contact
your company's human resources
department for more information on potential adoption benefits
available to you. Click here to see the list:
www.mainstreetadoption.com
/co__adopt_benefit.htm
