Debunking the Myths about Adoption Costs

National Adoption Day pic

National Adoption Day
Image: nationaladoptionday.org

 

A graduate of St. Thomas University with a juris doctor, Judge John Bowman serves as a circuit judge in the state of Florida. Also an advocate for adoption, Judge John Bowman participates in National Adoption Day.

Since the inception of National Adoption Day in 2000, the event has helped more than 58,000 children find permanent families. However, there are still more than 100,000 children in foster care who are waiting for permanent homes. One of the barriers to placing these children in permanent homes is the myth that adopting a child from foster care is expensive.

Contrary to what many families believe, adopting a child from foster care is not costly. In fact, it has the potential to be free, since many adoption agencies do not charge families who choose to adopt a child in foster care. Further, many companies and government agencies now offer adoption assistance programs as part of employee benefits. Some companies even offer financial benefits as well as maternity or paternity leave for those who choose to adopt a child.

Lastly, adoptive parents now benefit from a tax credit for adoption-related expenses, including court fees as well as travel and legal expenses. In 2014, this tax credit allowed families to obtain up to $13,190 to offset expenses associated with adoption.

Advertisements