Did you know there are tax credits and grants that may help adoptive families?
This is a preliminary list of resources to help prospective adoptive parents understand the costs involved in adoption and make it more affordable through grants, loans, employer benefits, and tax credits.
Tax Credits
- Creating a Family Adoption Tax Credit: a tax credit for qualified adoption expenses (court fees, attorney fees, traveling expenses, general adoption agency fees) paid to adopt an eligible child and an exclusion from income for employer-provided adoption assistance.
- Adoption Taxpayer Identification Number: If you are in the process of adopting a child and are able to claim the child as your dependent or are able to claim a child care credit, you may need an ATIN for your adoptive child. Internal Revenue Service Answers common questions about the ATIN, the temporary number assigned by the Internal Revenue Service to a child pending finalization of his or her adoption.
- U.S. Federal Adoption Tax Credit: Families who adopt a child with special needs from foster care could claim a federal adoption tax credit even if there are no adoption expenses.
Grants & Loans
- The Adoption Hope Foundation: Provides grants for families adopting from Connecticut, grants received range from $500 – $15,000
- Adopttogether.org: Connects prospective adoptive families to available grants based on adoption status, actual adoption expenses, and donor designations
- A Child Waits Foundation: Provides resources for families seeking grants and loans for international adoptions
- National Council for Adoption: Includes information on a broad range of resources available to prospective adoptive parents
- Gift of Adoption Fund: Provides grants to adoptive parents
- Help Us Adopt: Awards grants to qualified prospective adoptive parents
- National Adoption Fund: Offers financial assistance, services, and support for families before, during, and after adoptions are finalized
