Do you need Help Paying for an Adoption?
The finances surrounding the adoption process can be a significant concern when beginning the adoption process. Our Agency strives to keep adoption fees as low as possible but understands the cost of adoption can be overwhelming. Help Paying for an Adoption may come in many different forms.
Do you need help paying for an Adoption? The Florida Adoption Center is a Fee for Service Agency. We have carefully constructed our fee schedule with full disclosure in mind. Our fees are lower than you will typically find.
We believe, Adoptive Families have to be able to know how much the adoption is going to cost. Fees are payable as and when services are provided, as set out in the fee schedule. When you enter our program, the fee schedule will be fully explained, and you will receive a signed copy for your records.
We have included these links for you to help you to investigate costs related to adoption and help pay for an adoption:
Adoption Fees: http://www.adoptflorida.org/benefits.shtml
Regulation of Private Domestic Adoption Expenses: https://www.childwelfare.gov/ topics/systemwide/laws-policies/statutes/ expenses/
Paying for adoption is a big financial commitment. Some employers offer help with adoption-related expenses, and it is worth asking if your employer offers this benefit.
Federal Tax Credit
Federal Adoption Tax Credits have been available since 1997 but have changed year upon year. The Adoption Tax credit is typically used to offset taxes owed. The offset could be used and spread over several years.
In 2013, the Federal Adoption Tax Credit was made permanent. Good news for all adoptive parents. The only time the credit cannot be claimed is for Step-parent Adoptions.
Federal Tax Codes change constantly, and it is a good idea to check for any changes or updates. The Federal Adoption Tax Credit as of 2015 stands at $13,400.00 (for applicants who qualify). See the FAQ sheet on the IRS website for more details, and contact your accountant to see if you are eligible.
Federal Tax Credit: https://www.irs.gov/taxtopics/tc607#:~:text=The%20maximum%20adoption%20credit%20allowable,the%20exclusion%20for%20qualified%20expenses.
Other Financial Resources to help pay for an Adoption:
Fortunately, many resources are available to help offset the cost of adoption. We have provided the following information to assist you in locating some of those resources. The following organizations offer grants, adoption loans, other funding resources, and helpful information to qualifying Adoptive Families. The organizations on this list award grants and loans based on their eligibility criteria, including income or religious orientation.
Florida Adoption Center has no relationship with any of these organizations. Each organization determines eligibility, and their philosophies may not represent ours. Inclusion on this list does not represent an endorsement by the Florida Adoption Center. The list of organizations offering grants and funding is constantly in flux and may not be 100 percent accurate as eligibility and funding sources change frequently. Neither is this an exhaustive list of available funding resources. We have provided it to give you a snapshot view of the types of resources out there. We encourage you to contact these organizations directly to obtain the most current information. The internet is a wonderful resource for grants and loans, but please be wary of websites that require an upfront application or other fees.
Grants and Loans
Many organizations, charitable and otherwise, provide grants and awards for adoptions. Below is a list of organizations known to provide such grants and awards. Please note that funding for these grants and awards changes all the time. It is impossible to keep up with changes in funding and funding criteria. We have provided this resource list as a way to get you started and cannot guarantee how current or accurate the information is. Download a list from the Forms Page.
Any charitable organization that would like to include grant or award information on this site, don’t hesitate to get in touch with us at: Office@FloridaAdoptionCenter.com
Grants and Loans: https://www.childwelfare.gov/topics/adoption/adoptive/expenses/grants-loans/
Adoption Funding Sources:
Fundraising ideas: http://fundyouradoption.tv/101-adoption-fundraising-ideas/
https://binti.com/financing/adoption-grants/ (list of grant sites)
https://nightlight.org/grant-programs/ (list of grant sites)
http://fundyouradoption.tv/adoption-grants-for-everyone/ (list of grant sites)
http://fundyouradoption.tv/adoption-grants/ (list of grant sites)
https://www.fundyouradoption.org/ (list of grant sites)
Interest Free Loans
Various different funding topics
Adopt Without Debt by Julie Gumm
https://www.adoptivefamilies.com/how-to-adopt/finding-financial-support-for-adoption/ (Subscription website for some items)
Services throughout Central Florida. Including but not limited to Melbourne, Orlando, Palm Bay, Apopka, Altamonte Springs, Kissimmee, St Cloud, Vero Beach, Fort Pierce, Daytona Beach, St Augustine, Lakeland, Jacksonville, West Palm Beach, Tallahassee, Gainesville, All Florida.