Available Financing

Adoption Network Law Center offers financing programs to help Adoption Network Law Center's prospective Adoptive Parents manage adoption related expenses and provide them with the peace of mind.

• Unsecured loans that may cover 100% of your adoption costs
• Interest rates, as low as 8.9%
• No pre-payment penalties

• Real estate secured loan
• Interest rates, starting in the 4% range
• Attractive loans to value terms
• None of the costs traditionally associated with real estate secured loans for inspections, appraisals, etc

Federal Adoption Benefits
The Adoption Tax Credit is $12,650 per child. Please consult with your tax professional for more details.
http://www.nacac.org/taxcredit/taxcredit20122013.html

Federal Child Tax Credit
With the Child Tax Credit, you may be able to reduce the federal income tax you owe by up to $1,000 for each qualifying child under the age of 17. The credit is limited if your modified AGI is above a certain amount. The amount at which this phase-out begins varies depending on your filing status:

• Married Filing Jointly is $110,000
• Single, head of household, or qualifying widow(er) is $75,000
• Married filing separately is $55,000

http://www.irs.gov/publications/p972/ar02.html

Military Adoption Benefit
Eligible Soldiers serving on active duty may be reimbursed a maximum of $2,000 per child for qualifying expenses related to the adoption of children under the age of 18, up to a maximum of $5,000 per calendar year for multiple adoptions.
http://myarmybenefits.us.army.mil/Home/Benefit_Library/Federal_Benefits_Page/Adoption_Assistance.html

State Tax Credit
In addition to the federal tax credits, some states may offer state level tax assistance.

Employer Assistance
Hundreds of employers of every size and industry offer adoption benefits for employees. Employees may be eligible for paid leave and reimbursement. Be sure to check with your human resources department to see what your employer offers.

National Adoption Foundation (NAF)
NAF offers aid to families for expenses associated with their adoption and raising of children through direct grants that range from $500 - $2,500, the NAF adoption credit card, 529 college savings plans and unsecured loans.

NAF also offers adoption disruption insurance designed to protect Adoptive Parents in the event the Birth Mothers change their minds and decides not to place the child for adoption.

Gift of Adoption Fund (GOAF)
GOAF is a national charitable organization. Any US citizen adopting from anywhere in the world who has an approved home study from a licensed agency or social worker is eligible to apply for a grant. Financial need and personal commitment toward financing a significant portion of the adoption cost must be demonstrated. Grants range from $1,000 - $7,500.

HelpUsAdopt.org
HelpUsAdopt.org is a national non-profit 501(c)(3) financial assistance grant program. To apply, you must be a US citizen residing in the US and you must have a complete certified home study that has been approved by a qualified agency or licensed professional in the state in which you reside. You must also demonstrate that you are facing significant financial obstacles and need financial assistance with your adoption expenses. Grants range from $500 - $15,000 depending on individual situations.