The Dave Thomas Foundation for Adoption has joined forces with JPMorgan Chase Bank to announce a financial resource for adoptive parents. Chase New Additions is a special program that offers a lower introductory rate on a new home equity line of credit to help families pay for adoption expenses. Visit http://www.chase.com/NewAdditions to learn more and apply online.
A helpful link regarding loans for adoption is available at www.affordingadoption.com
A good general link to find out about how to finance your adoption try this link: http://www.adoptionfinancing.com/
Publication 968 – Tax Benefits for Adoption, which can be downloaded online: www.irs.ustreas.gov
For more information and support on the adoption tax credit. www.AdoptionTaxCredit.com
To find out about your state tax credits, try this link: http://www.state.yourstate.us
Nonrecurring Federal Adoption Program-State Reimbursement A reimbursement for non-recurring adoption expenses (agency fees, legal costs, and transportation) is available through each State for families who adopt children with special needs Reimbursement for Non-Recurring Expenses
Sources for Adoption Loans or Grants: http://www.chinacare.org
For suggestions from the National Endowment for Financial Education visit the site: www.nefe.org
There is a one-time subsidy program available for full-time military personnel. Currently adoption couples or singles can receive up to $2000 per child or $5000 maximum for siblings. http://www.militaryadoption.com/
