Adoption Tax Credit
Perhaps the most important factor that makes adoption affordable today is the Adoption Tax Credit of up to $10,960 that is now available to assist with qualifying adoption expenes. The adoption credit is an amount that you subtract from your tax liability. Families with Adjusted Gross Income of more than $155,960 will receive smaller credits or perhaps no credit. In addition to the Adoption Tax Credit, there are organizations that provide adoptions assistance, including Bethany, and a variety of other useful information that can make adoption an affordable option for just about everyone who really wants to adopt. For more information on this tax credit, please visit the IRS Website: Adoption Credit.