Discusses the impact of adoption on adopted persons who have reached adulthood. There are several themes that emerge from personal accounts and data from academic studies about issues that adopted persons may face. This factsheet addresses these themes, which include loss, the development of identity and self-esteem, interest in genetic information, and managing adoption issues.
This is a tax credit offered to adoptive parents to encourage their adoption. The United States International Revenue code offers a credit for “qualified adoption expenses” paid or incurred by individual taxpayers. The credit apply’s for all types of adoption except step-parent adoption and is available in the year the adoption is finalized. In 2017, the maximum adoption tax credit was $13,570 per child. The amount changes year over year due to inflation. Talk with your tax adviser to understand more about the Adoption Tax Credit and how it can work for you. The Adoption Tax Credit is not refundable, but it does provide financial assistance to many families each year.
Non-identifying details about the birth parents (including their general background, education, employment, armed services history; social or medical risk factors, drug usage, medical and mental health history, other children, and extended birth family history). Also inquire about the birth mother’s care during pregnancy, and any risk factors for the child due to the mother’s experiences during pregnancy or complications during delivery.
For certain organizations, there are limitations on who can adopt. Adoptive parents must be in good health and able to pass a background check, and some agencies require a significant age difference between the family and the adoptee. Certain agencies may have more stringent requirements than others, so be sure to contact multiple organizations before making a final decision.
Adoption is expensive because the process to legally adopt a baby requires the involvement of attorneys, social workers, physicians, government administrators, adoption specialists, counselors and more. While the adoption journey is an emotional one for prospective birth mothers and adoptive families, the adoption process is a legal function. Adoptions completed by fully licensed agencies are held to high ethical standards, which can mean more paperwork and higher costs.