A couple who are contemplating adopting a child but do not have the necessary funds to pay all the costs associated with the procedure should do their research to find out what financial options are available that are relevant to their personal situation. The cost of a private or agency adoption will run between $12,000 and $25,000, depending on the circumstances. Adoptions can be expensive, especially international ones. Over the last decade, due to the growing awareness of the associated expenses, more financial aid options have become available to people who want to adopt.

There is a growing trend to use the health insurance of the adoptive parents to cover the medical expenses of the birth mother. Some banks and financial institutions have loan programs to offer low-interest loans to qualified applicants. These loans are used to help cover the cost of adopting children.

A federal tax credit of $13,170 is available to those who have completed the legal adoption process. The IRS allows a tax credit of $1,000 per year for each child a family adopts. This tax credit will expire at the end of 2011, but there is legislation in place to make this tax credit a permanent benefit. Financial aid benefits may be used by adoptive parents to pay for court costs, attorney fees, adoption fees, or any other expenses. Parents of adopted children qualify for an annual tax deduction of $3,200 per child. In addition to federal tax credits, some states offer a tax credit or subsidy for adoptions in their state. Parents receive more financial help from the state for the adoption of children with special needs.

The military offers financial assistance to active duty military personnel who are adopting a child. The parents are funding $2,000 one time for an adoption. The amount rises to $5,000 for the adoption of several children. Many private companies and government agencies offer benefits to their employees in the form of reimbursement after the adoption procedure is completed. Rebates are also offered to offset costs for some state employees, including teachers.

There are many charities that offer grants to adoptive parents. Many religious affiliated non-profit organizations provide grants to Christian families to help overcome any financial burden that comes with adopting children. Federal and state assistance is available for hard-to-place children with a loving and caring family. These government grants ensure that financial resources and services are accessible to help families successfully adopt a child.

If you are interested in Kansas adoption agencies and/or Missouri adoption agencies, be sure to visit http://www.adoption-beyond.org.