Financial Aid

Federal Adoption Tax Credit

The Federal Government offers an Adoption Tax Credit. We suggest that you contact an accountant who is knowledgeable about the Federal Adoption Tax Credit as most of what you will probably find on the web is outdated. To learn more you can also go to the IRS website and search for Adoption Tax Credit.

To see a video regarding the tax credit go to:
http://www.youtube.com/watch?v=mpHxyoHpu8Y

http://www.irs.ustreas.gov/

State Adoption Tax Credit for Kansas and Missouri

A number of states offer a State Adoption Tax Credit. The states of Kansas and Missouri are among those states that do offer an Adoption Tax Credit for certain types of adoption. To learn more you can click on the links below.

Kansas
www.ksrevenue.org/taxcredits-adoption.html

Missouri
http://dor.mo.gov/taxcredit/atc.php

Employment Benefits

Some companies offer adoption benefits to their employees, if your place of employment does not currently offer adoption benefits, the Dave Thomas Foundation web site has a wonderful resource of materials you can provide to your employer in order to encourage them to offer adoption benefits to their employees.

http://www.davethomasfoundation.org/Our-Programs/Adoption-Friendly-Workplace

Military Personnel

The military offers adoption benefits to most active military personnel who are working with a qualified adoption agency or professional who is authorized to place children for adoption under state or local law.

http://www.militaryfamily.org/resources/links/adoption.html

Grants, Loans, Savings and Fundraising

There are many financial grants and some loans available to families to help
offset some of the cost of adopting.  The website links below will provide
you with this information in addition to practical advice on saving for
adoption expenses and fundraising ideas.

The website Resources4adoption is an excellent online resource for adoptive families seeking comprehensive and up-to-date information on adoption grants and loans and how to qualify for them with lots of additional tips to assist families in removing the financial barriers associated with adoption.

http://www.resources4adoption.com/

There website Gotcha Gift Registry is a unique way for you to help raise
some of the funds needed for your adoption process.

https://www.gotchagiftregistry.com/Index.aspx

The website Adoption.com has a number of ideas on how to afford an adoption,
including information on saving for the adoption and personal loan ideas.

http://affording.adoption.com/