Tuesday, January 17, 2017

Ways to Help With the Cost of Adoption

Located in Alpharetta, Georgia, AAA Partners in Adoption, Inc., helps families navigate through the complex process of adoption. One of the most valuable ways that AAA Partners in Adoption, Inc., helps these families is by providing valuable information about the costs of adoption.

When adoptive parents first begin their journey, they quickly find out that the cost of adoption can seem prohibitive. The truth, however, is that money does not have to be a barrier to adoption. There are many tools available to prospective parents looking to adopt, including financing. Parents also make use of local fundraisers and other means.

For those who don’t have a large potential fundraising network or the means to pay for the adoption on their own, there is other help. One of the primary options for funding an adoption is financing. Typically these funds are borrowed against secure assets, such as a home or retirement plan. If financing isn’t an option, there are private grants available through organizations such as the National Adoptions Foundation. Active-duty military members are also eligible for up to $2,000 in reimbursement for their adoption expenses, and some employers even have programs to help cover these costs. 

There are also various after-adoption benefits once the up-front costs of the process have been secured. These are typically realized during the tax process. The federal government, as well as many state governments, offer tax credits and other incentives to adoptive parents. 

For more information about the costs of adoption and ways to help cover them, visit partnersinadoption.org.

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