Adoptive families can claim tax credit for their adoption expenses including necessary adoption fees, court costs, attorney fees, and other expenses directly related to the adoption. Currently, qualified families can claim up to $13,170 adoption expenses. The tax credit phases out for taxpayers with high adjusted gross incomes (above $182,180.00). The IRS has made the credit refundable and if a family has no tax liability, the IRS will refund the amount due. Adoptive families who plan to claim the credit should file form 8839, titled Qualified Adoption Expenses, and attach it to Form 1040. The credit was extended through December, 2011. For more information and to download required forms, visit: www.irs.gov/tax/topics/tc607.html.

Please click here to access IRS Adoption Tax Credit information.

Employer Adoption Benefits

Many companies offer adoption benefits to their employees, which may range from financial assistance to parental leave. Some employers will help with costs by reimbursing adoption expenses with a cash benefit of up to several thousand dollars. Check your employer to see what adoption assistance may be available.

CCAI’s Discount for Returning Families

More than 40% of CCAI families return for a second China adoption! To show our appreciation and support, CCAI offers substantial discounts on agency fees for returning CCAI families. Click here for more information.

For other Financial Aid Information, please contact us at accounting2@chinesechildren.org.