Adoption Discussion |
Cost of adoption
Comments
For the adoptive parents, adoption costs and assistance vary between countries. In many countries, it is illegal to charge for an adoption, while in others, adoptions must be facilitated on a non-profit basis. On the other hand many adoption programs will give financial assistance to adopters, especially with their expenses. Some jurisdictions offer tax credits to offset the cost of adoption. In the United States there is a $10,390 tax credit for adoption. Adoptions through the child welfare system typically do not cost the adopting family anything beyond minor legal or other types of documented fees. In some states, families adopting from foster care may also receive yearly reimbursements for educational or therapeutic expenses up to a preset limit as well as have the adopted children retain Medicaid coverage even if they are covered by other insurance. The same is true in Canada. Regulations specify to whom payments may or may not be made, e.g., in some jurisdictions, no money may be paid to a birth mother above her medical expenses. There may also be significant expenses, such as legal fees and fees associated with searching for possible adoptees. International adoptions tend to be more expensive and often incur additional costs, as the adoptive parents may be required to travel to the source country. Translation fees may also apply to legal documents.
Last changed: 09/24/07