Funding Your Adoption

The Cost of Adoption

2022-05-19T21:09:03-07:00November 18, 2021|Adoption Education, Adoption Grants, Adoption Process, Domestic infant adoption, Funding Your Adoption|

Domestic infant adoption can be really expensive and the average cost is currently around $41,000. There is a lot of variability in domestic infant adoption costs by state and by the type of professionals that are involved in your adoption (agency, attorneys, etc.). The costs you might see in a domestic infant adoption will vary considerably depending on the type of adoption (private/independent, attorney, or agency adoption) and the state from which you are adopting. The adoption professionals recommended by Purl typically have adoption opportunities with total costs (including home study related costs) ranging between $8,000 and $50,000, with the majority falling between $25,000 and $45,000. In this post, we break down the types of costs prospective adoptive parents may incur during their adoption journey, but what is permissible and typical will also be governed by the law in the states involved. Click here to read more about the costs you might expect in domestic infant adoption.

Agency vs. Direct Placement Adoptions

2022-04-01T07:28:14-07:00February 18, 2021|Adoption Advisor/Consultant, Adoption Education, Adoption Outreach, Adoption Process, Domestic infant adoption, Funding Your Adoption, Hoping to Adopt|

As we mentioned a few weeks ago, we know there are a lot of terms used in the adoption community that the average person doesn’t know or understand, so we’ll be discussing these on our social/blog for the next few months, as time permits. Did you know that there are typically two types of adoptions available in domestic infant adoption: agency adoptions and direct placement adoptions (often referred to as private or independent adoptions), and do you understand the differences? Do you understand when you might use one versus the other? Did you know that some states allow direct placement adoptions and some do not? Click here to learn more about type of adoption.

5 Steps to Prepare Financially for Adoption

2022-04-01T08:50:04-07:00November 6, 2020|Adoption Advisor/Consultant, Adoption Education, Adoption Process, Funding Your Adoption|

We are featuring a resource to prepare financially for adoption and sharing a blog post written by guest writer, Laura Coleman, AFC® with Family Money Coaching. Laura is an adoption money coach from Tennessee. She and her husband adopted 3 children. You can follow her blog and podcast at www.familymoneycoaching.org. Click here to learn more about her suggestions for preparing financially for adoption, with links to some added resources.

Adoption Tax Planning and Filing Resource

2022-03-31T09:32:25-07:00November 4, 2020|Adoption Advisor/Consultant, Adoption Education, Adoption is Hard, Domestic infant adoption, Funding Your Adoption|

On a day of uncertainty, let’s talk about something that is certain - taxes! As we go through November’s National Adoption Awareness Month, we are identifying resources that help prospective adoptive families and families who have adopted with some aspect of the adoption process. I like talking about taxes about as much as I like talking about politics, but due to tax credits, deductions and subsidies available to adoptive families and the increasing costs in domestic infant adoption, it is an important topic for any family considering or who has completed an adoption. Click here to learn about tax professionals who specialize in helping families who have adopted or are considering adoption with their tax needs.

Funding Your Adoption

2022-04-01T16:39:11-07:00November 20, 2019|Adoption Education, Domestic infant adoption, Funding Your Adoption|

Domestic infant adoption can be really expensive. I wrote about the variability in the adoption costs awhile back in detail, but generally adoption costs vary by state and by the type of professionals that are involved in your adoption (agency, attorneys, etc.). Adoptive Families conducts a survey of average adoption costs every two years, and found that in 2016-17, the average total adoption cost for an Agency Adoption was $43,239, and the average total cost for an attorney adoption was $37,829. This includes home study, advisor/consultant and post placement costs, but obviously greatly exceeds the Adoption Tax Credit numbers for 2020 of $14,300 (and it phases out for families with modified adjusted gross income of $214,520).

The Adoption Tax Credit

2022-04-01T17:16:50-07:00April 15, 2019|Adoption Advisor/Consultant, Adoption Education, Funding Your Adoption|

Happy Tax Day! If you’re a prospective adoptive family, you might be interested in learning more about the Adoption Tax Credit and how you might benefit from it if/when you incur expenses relating to the adoption of a child. The credit, which has been part of federal tax law since 1997, allows adoptive families to defray some of the costs incurred when they grow their families through adoption. It has helped bring together hundreds of thousands of families, many of whom would not have been able to grow their families through adoption without it.


The Truth About Adoption Costs

2022-04-01T17:18:00-07:00April 4, 2019|Adoption Education, Adoption is Hard, Funding Your Adoption, Hoping to Adopt|

Are you considering adoption, but are unsure of the various costs you may incur in order to adopt? The costs you might see in a domestic infant adoption will vary considerably depending on the type of adoption (private/independent, attorney, or agency adoption) and the state from which you are adopting. The adoption professionals recommended by Purl typically have adoption opportunities with total costs (including home study related costs) ranging between $8,000 and $50,000, with the majority falling between $25,000 and $37,000. In this article, we break down the types of costs prospective adoptive parents may incur during their adoption journey.

The Adoption Tax Credit

2022-04-01T17:28:27-07:00June 20, 2018|Adoption Education, Funding Your Adoption, Hoping to Adopt|

If you have adopted a child or are considering it, you may already know about the Adoption Tax Credit. The credit, which has been part of federal tax law since 1997, allows adoptive families to defray some of the costs incurred when they grow their families through adoption. It has helped bring together hundreds of thousands of families, many of whom would not have been able to grow their families through adoption without it. 


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