|
Keep in mind that with adoption, sometimes it might seem difficult to get up the finances at the time, but after the adoption, there are a few ways to get back some of the money you've invested. All in all, an adoption from China will cost around 22,000-25,000 when it's all said and done (including the 2+ weeks in China, and plane trips to get there.
But, the Federal government has a tax credit of over 11,000 which can be applied to the year the adoption takes place. Your state might also have a tax credit, and many employers also offer adoption reimbursements. My employer offers 5,000 reimbursement and DHs offers 4,000 reimbursement. Obviously, these are all after the expenses are paid, and adoption completed. But it's nice to know, especially since these funds will come in after you have the little one to take care of. I was able to take 6 months off work immediately following our adoption, for bonding because of all of this.
__________________
Karen
Gotcha Video
_________________________________________________
11/25/04 Decision to adopt our first daughter
03/14/05 LID for our first daughter
01/29/06 Referral for our first daughter
(total time from LID to referral-10.5 months)
03/20/06 Our first daughter in our arms
12/12/06 Decision to adopt again
04/14/07 LID for our second daughter
04/14/08 ONE year waiting
09/1/08 Re-submitted paperwork before it expired
04/14/09 TWO years waiting
04/27/09 Out of review room
06/14/09 Fingerprinted again, before they expired
Still waiting...
How long is forever? -381 LIDs till our referral- That's how long forever is!
We've been waiting 31 months since our Log-In-Date with China
Last edited by KarenInCa : 07-11-2009 at 11:05 AM.
|