Adoption benefits are considered good personnel practice, and qualified adoption plans recieve favorable treatment from the IRS on the companies tax return. Study the issues and then make an appointment with the president or personnel manager of your company. You might be surprised how willing they are to support you if you make a good case. There are adoption benefits available to military families, as well as many other other federal employees. Our offices have an available list of 492 major corporations that participate in this program and the list continues to grow.
Many states offer a tax credit or subsidy in addition to the federal tax credit.
Sometimes these subsidies can apply to international children. Ask your home study social worker for information of possible state credits. Loans Some financial institutions offer low interest loans with special terms strictly for adoption expenses. Start with your bank and then call around. Many people will take out a loan to fund the adoption and find that upon receiving tax reimbursements and employee benefits that much of their loan can be paid back quickly.