Adoptive Families Blog

How Can We Make Adoption Affordable?

Posted by Lifetime Adoption on March 16, 2018

If you're wondering how you'll possibly afford the costs associated with a domestic infant adoption, you're not alone. A lack of funds is the #1 reason otherwise qualified families state for not moving forward with adoption.

Adoptions can be expensive and include fees for the home study, agency, legal representation, facilitation fees and travel, among other items.

"We faced a financial issue 30 years ago when we were hoping to adopt. What we found is that when there's a will, there's a way," shares Mardie Caldwell, adoptive mother and Lifetime's Founder.

Today, Lifetime is giving you 6 tips for an affordable adoption will help you make your adoption dreams come true!

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Topics: how to afford adoption, afford to adopt, adoption financing, Financial Assistance for Adoption, Adoption tax credit, employee adoption benefits, Adoption fundraising

"Can we claim the Adoption Tax Credit if we're still waiting to adopt?"

Posted by Lifetime Adoption on March 9, 2018

"I heard that we can claim the Adoption Tax Credit even if we haven't adopted yet. Is that true? We paid the expenses in 2016 and are pursuing domestic adoption. How do we claim adoption expenses when we're still waiting to be chosen by a birth mother?  We don't have a SSN or ATIN for a child."

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Topics: Adoption tax credit

How to Get Your Baby’s Social Security Number for Your Taxes

Posted by Lifetime Adoption on March 7, 2018

Question: "We just found out that since there was an adoption plan in place, the hospital could not apply for a social security number for our baby. We're getting ready to file our taxes, and we need our baby's social security number to take advantage of the adoption tax credit. What are we supposed to do?!" 

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Topics: Adoption tax credit, post-placement

Here's What You Need to Know About Birth Mother Expenses

Posted by Lifetime Adoption on March 2, 2018

Here's a frequently-asked question about birth mother expenses: "If a birth mother decides to not place her baby with us, can we get back the money we paid for her living expenses during the pregnancy?"

Most adoptive couples are open to helping out with living expenses, and many birth mothers greatly need this help.

Keep reading to learn more about birth mother expenses!

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Topics: pregnancy expenses, birth mother expenses, cost of adopting, adoption law, reclaim, Adoption tax credit

Watch This Webinar to Find Out More About the Adoption Tax Credit

Posted by Lifetime Adoption on October 30, 2017

The Federal Adoption Tax Credit is a vital financing resource for most adoptive parents. Whether you’re just starting to look into adoption, you’re waiting to adopt, or you’ve recently adopted, it’s wise to learn about the Adoption Tax Credit. That way, after your adoption is finalized, you'll be able to make the most of the tax credit!

Last week, Lifetime hosted a webinar all about this tax credit. We hope to help adoptive couples as they attempt to make sense of it. The recording of this informative webinar has just been made available online. Keep reading to learn how you can tune in for free, no matter where you're at!

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Topics: Adoption webinar, Infant adoption, Domestic Adoption, Open Adoption, domestic infant adoption, Adoption journey, Adoption tax credit

How to Use the Adoption Tax Credit: an Expert Shares

Posted by Lifetime Adoption on October 13, 2017

Do you have questions about the adoption tax credit and how it works? Maybe you've been wracking your brain trying to make sense of it! Then you'll want to mark your calendar and come to our free webinar on the Adoption Tax Credit! Lifetime's adoption experts are hosting a live webinar all about this tax credit on Thursday, October 19th at 3:00 pm Pacific/6:00 Eastern

This free webinar is open to all hopeful adoptive parents! No matter if you're just starting to think about adopting or if you're in the waiting phase of your adoption journey, this webinar will help you.

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Topics: Domestic Adoption, Open Adoption, Adoption webinar, Infant adoption, domestic infant adoption, adoption webinars, Adoption tax credit

Get Expert Advice on the Adoption Tax Credit

Posted by Lifetime Adoption on October 6, 2017

If you're exploring your adoption financing options, you’ve probably heard of the Adoption Tax Credit. Many hopeful adoptive couples have found it challenging to make sense of how it works or how they can apply it to their taxes.

Then you'll want to mark your calendar and come to our free adoption webinar on the tax credit on Thursday, October 19th at 3:00 pm Pacific/6:00 Eastern. This will be an information-packed webinar, with special guest and well-known tax expert, Becky Wilmoth. She is an EA (Enrolled Agent) with Bill's Tax Service in Centralia, Illinois. 

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Topics: Domestic Adoption, Open Adoption, Adoption webinar, Adoption process, Adoption journey, Adoption tax credit, adoption financing

Quick Info on the Adoption Tax Credit

Posted by Lifetime Adoption on April 12, 2017

The adoption tax credit was created to help couples afford the cost of an adoption. Great news! The adoption tax credit is still available to you, and the amount it offers has increased each year. However, there are some aspects of the program that need to be considered.

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Topics: Adoption tax credit

Adoption Tax Credit Questions?

Posted by Lifetime Adoption on December 23, 2014

Do you have questions about the adoption tax credit?

Many families begin the adoption process wanting to learn more about this valuable tax benefit worth over $12,000.  But let’s face it, the tax code can be confusing even for seasoned accountants!  When families start the adoption process, we often hear questions like

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Topics: Adoption tax credit

Q&A: Adoption Tax Credit Simplified

Posted by Lifetime Adoption on February 15, 2013

Q: I hate to admit it, but I have read and studied and still don’t understand the adoption tax credit and how it works. Can you help me?

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Topics: Adoption Tips, Economy, Adoption tax credit