Are There any Federal Tax Benefits Available for Families Who Adopt a Child Eligible for Adoption Subsidies?
It is recommended that adoptive parents contact the IRS about tax exemptions and deductions for the child for whom they receive adoption assistance. Who Are the Children with Special Needs? Each State agency has its own definition of “special needs” used to identify children eligible for adoption subsidies. Generally, the child’s special needs relate to age (an older child); membership in a minority group; a medical condition (e.g., chronic illness); siblings (brothers and sisters who should not be separated); or handicaps (a child with a physical, emotional, or mental disability). Some children have more than one special need; all must be legally free for adoption. Most of the children have experienced unusual stresses; some have been abused, neglected, or abandoned. Each child needs a permanent, caring family who can help him or her feel accepted, valued and wanted. How Does a Family Apply for an Adoption Subsidy? When it is determined that the child is “a child with special need” th
Related Questions
- Are There any Federal Tax Benefits Available for Families Who Adopt a Child Eligible for Adoption Subsidies?
- If my child was born or placed for adoption prior to July 1, 2009, am I eligible to claim bonding benefits?
- How will an adoption agency or the Department of Human Resources determine what kind of child I adopt?
