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Category Archives: Adoption Articles
By Stanton Phillips, Esquire Adoptive parents may be eligible to take a tax credit of up to $14,890.00 for qualifying expenses paid toward the adoption of a child. Since it is a tax credit, not a deduction, it is an … Continue reading
International adoptions have changed the makeup of American families. When you walked into a classroom a generation ago, the children you observed probably looked like their parents. Today, our families are more culturally diverse as a result of international adoptions.
The Interstate Compact on the Placement of Children (hereinafter referred to as ICPC) is a set of uniform laws governing the interstate placement of children enacted in every state, the District of Columbia and the Virgin Islands.
Adoptive parents may be eligible to take a tax credit of up to $13,400.00 for qualifying expenses paid toward the adoption of a child…
In order to encourage adoption of children considered hard to place, money may be available to the adoptive parents to defray certain expenses. Depending on the child’s eligibility, the money may be available from the federal government and/or the state placing the child.