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Total adoption costs for us will be around $20,000. The fnalization costs can vary depending on your lawyer. I have heard of 3 different lawyers in our area ranging from ~$800 - $3,000. Your agency should give you a breakdown of what all the costs are, and when they are due. From application fee to post adoption visits.
The tax credit is available to you the year that you finalize, this may or may not be the same year that they come home. (You are eligible to finalize 6 mos after homecomming.) For ex: CJ came home in '05, but we will finalize in '06, all of our adoption expenses will be claimed under the adoption tax credit in '06. However, we are able to claim her as a dependant on our '05 taxes.
Your HMO must cover your child from the day your child is place in your home by a liscensed adoption agency. They may require some paperwork from your agency, but your child will be covered.
Millie
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Millie
Cady Jordan MeeSo
application 10/14/04, home visit 1/26/05, referal 2/3/05
I600 to INS 2/17/05, Home study to INS 3/4/05
I600 & I600A approved 4/19/05
Forever a family 6/30/05
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