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November is National Adoption Month (read about tax credit!)
various
| November 24, 2001
| joathome
Posted on 11/24/2001 6:31:01 AM PST by joathome
November is National Adoption Month.
I see the topic of adoption come up occasionally here at FR, so I thought I'd mention this. Adoption is much more affordable than many realize.
The new tax bill provides for a very generous tax credit. All reasonable expenses may be taken off your taxes as a CREDIT the year the adoption is finalized, even if those expenses were incurred in previous years. The credit is now $10,000 per child (up from $5,000) per child, and the income limit has been raised, as well. Phase out begins at $150,000. The credit may be carried forward for a few years (5 ?), if one's tax liability is not sufficient to take the entire credit the year the adoption is finalized. (I am not an expert; please check the accuracy of this information!)
Although some newborn babies are available for adoption, many more children are available through the foster care system and other private agencies. Many countries also allow adoption of their children by Americans, including China, Russia, and Guatamala. All reasonable expenses associated with overseas adoption may be included when figuring the amount of your tax credit, including agency fees, airfare, meals, documentation and INS fees, etc.
Many employers also include adoption benefits as perks. It's worth looking into.
TOPICS: Announcements; Culture/Society
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If you have any questions, please contact me. I am NOT associated with any agency; just a mom who is interested in finding homes for orphan children, and currently in the process of adopting children from overseas.
1
posted on
11/24/2001 6:31:01 AM PST
by
joathome
To: joathome
bump
2
posted on
11/24/2001 6:32:40 AM PST
by
joathome
To: joathome
bump
3
posted on
11/24/2001 6:32:55 AM PST
by
joathome
To: joathome
Bump on behalf of an adoptee I'm very close too!
To: joathome
Pro-Life Bump!
To: joathome
HERE is one church that is doing it without agency fees!
To: Ronaldus Magnus; anniegetyourgun
Thanks! Please keep this pro-life, pro-family, pro-children, tax credit (hehe!) message on the board!
7
posted on
11/24/2001 6:37:47 AM PST
by
joathome
To: anniegetyourgun
And please email me for the name of a Christian group that is much cheaper than most agencies. They only work in Russia. Adopters must be professing Christians, and active members of a church.
I also know the name of a reputable agency who handles adoptions in China.
8
posted on
11/24/2001 6:56:08 AM PST
by
joathome
To: joathome
And don't think it's impossible to adopt here in the US. Our daughter was just a year and a half old when we adopted her. When people learn she is adopted, they immediately want to know her "nationality," as if American kids were impossible to adopt. In fact, she had been in foster care since her birth at a hospital just a short distance from our home. As for adoption fees, we paid only $5000 to the Catholic agency which did our home study.
9
posted on
11/24/2001 8:42:05 AM PST
by
madprof98
To: joathome
If you are an employee of Wendy's, you get adoption services as a benefit.
That is because "Big Dave" was adopted...
10
posted on
11/24/2001 8:43:13 AM PST
by
topher
To: anniegetyourgun; Ronaldus Magnus; victim soul; joathome; madprof98
Steven Ertelts pro-life news had a bit on the fact a Florida judge threw out (with prejudice) a lawsuit against the Florida "Choose Life" license plates, which benefits adoption.
The judge was very unhappy, and throwing it out with "prejudice" means the judge will not even consider hearing the case at any future date.
The Pro-Abortion folks claimed the license plates "promoted religion" because of the term "Choose Life".
11
posted on
11/24/2001 8:49:19 AM PST
by
topher
To: topher
If you are an employee of Wendy's, you get adoption services as a benefit.
That is so cool. I'd love to see the statistics on how that is working with his employees. I'm going to try to look it up later. What a great benefit!
12
posted on
11/24/2001 8:49:29 AM PST
by
katnip
To: madprof98
I have been told by people who went to China to adopt that it was because of the age limit restrictions in the U.S.. They said you can't adopt here if you are past 40, but China will allow up to 45. Do you know if this is true?
13
posted on
11/24/2001 8:52:24 AM PST
by
katnip
To: joathome
Even though I have often been disappointed by our Republican congress, this is is the type of legislative output that makes the time and money I give each election seem well spent. The Demoncrats vote to subsidize abortions, the Republicans vote to subsidize adoption!
To: katnip
A good place to find out information about adoption is adoption message boards. Anyone interested in adopting from Russia, the Ukraine or surrounding countries will find many of their questions answered at www.frua.org That's "Friends of Russian and Ukranian Adoption (and surrounding countries)" FRUA has chapters around the U.S. that sponsor many adoption related, and Russian culture events. Other "countries" have similar groups, but I am unaware of the names.
Www.yahoogroups.org also has a number of adoption message boards. Some are totally independent and some are agency sponsored. The independent boards are a better place to start. Several are country specific. "Paperchase 2000" at yahoogroups is a good place to ask questions Chinese adoptions.
I highly recommend doing a thorough investigation before signing on with any agency or group doing foreign adoptions....doing any kind of adoptions, for that matter. There are a number of highly ethical people involved in adoption, and also a number of highly UNETHICAL crooks.
Different countries have different requirements regarding marital status, age of parents, and number of children already in the home. Some countries allow multiple adoptions, and some don't.
Won't all of you consider whether or not you could include a(nother) little person in your life?
15
posted on
11/24/2001 9:13:02 AM PST
by
joathome
To: Ronaldus Magnus
Yes! (It certainly would have been nice if they would have made the increased credit retroactive to this year, though! :)
16
posted on
11/24/2001 9:26:19 AM PST
by
joathome
To: katnip
They said you can't adopt here if you are past 40 . . . That's a rule of thumb for adoption placement workers rather than a rule of law. Another rule of thumb is the so-called "50-year rule": You can't adopt anybody who is more than 50 years younger than you are. In our own case, my wife and I were both over 45, but we made it under the 50-year limit. We also had a track record as foster parents for the agency, and that helped make our case.
To: madprof98
"That's a rule of thumb for adoption placement workers rather than a rule of law."
Yes! Prospective adoptive parents really do need to compare agency requirements. Some agencies put requirements on top of the country requirements.
It would be wonderful if all kids had a mother AND a father who would be young enough to see their grandchildren grow up. However, a single parent or an "older" couple can certainly love a child just as much as the normal "profiled" couple. Older parents are "usually" more stable and financially secure, as well.
18
posted on
11/24/2001 10:12:55 AM PST
by
joathome
To: Ronaldus Magnus
Pro-life bump
19
posted on
11/24/2001 10:13:21 AM PST
by
joathome
To: anniegetyourgun
pro-life bump!
I'll be gone most of the day. I'd like for this thread to make it to the board every day of November, if possible. Please help. :)
20
posted on
11/24/2001 10:14:35 AM PST
by
joathome
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