For Hopeful Adoptive Families
Adoption Grants, Tax Credits, and Financial Assistance
Adoption is a significant financial commitment, but there are many ways to offset costs, non-profit grants, the federal adoption tax credit, employer benefits, and sometimes loans.
1. Federal Adoption Tax Credit
The federal adoption tax credit is approximately $16,000 per child (adjusted annually). You claim it on IRS Form 8839 in the tax year the adoption is finalized. Consult your tax advisor for specifics.
2. Adoption Grants
Non-profit adoption grants are a major funding source for many adoptive families. Each has its own eligibility and application process. Commonly-used programs include:
- ●Gift of Adoption Fund
- ●Show Hope
- ●National Adoption Foundation
- ●Help Us Adopt
- ●A Child Waits Foundation
We link to these programs as a starting point, A Act of Love is not affiliated with them and doesn't guarantee any outcome.
3. Employer Adoption Benefits
Many employers now offer adoption benefits, typically a lump-sum reimbursement, paid leave, or a combination. Check your benefits handbook or ask HR.
4. Adoption Loans
Some lenders offer dedicated adoption loans. Home-equity loans and personal loans can also be used. Speak with a financial advisor about the right option for your situation.
Ohio Adoption Grant
Ohio residents: the Ohio Adoption Grant Program provides per-child reimbursements for adoptive families. Eligibility and amounts vary by year.