financial planning
cost of adoption, education, college and medical, tax planning and credits, insurance, etc.
Federal Tax Credits and Benefits
Currently there are several ways to take advantage of tax breaks and adoption reimbursements. First, you should check with your state, employer and insurance company for any adoption assistance or reimbursements. There is a federal tax credit available for one-time adoption expenses up to $10,000* regardless of the type of adoption – this includes international and private placement adoptions.
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