Are you a step parent who wants to adopt your new spouse’s child? Are you a grandparent wishing to seek full custody of your grandchildren? Are you working with DSS to foster and adopt a baby? We realize children are the largest part of your life, that’s why we’re here to help you do what’s best for them.
How to Reduce Costs Associated with Adoption
Adoption can be an expensive process, however, there are several ways to reduce your costs. Below you will find a list of a few ways to reduce your costs.
Federal Adoption Tax Credit: The government will allow a tax break to cover the adoptive costs for parents. This tax credit will reduce the tax liability of the adopting parents. In 2010, the limit for the credit was about $12,000.00.
Military: If you are actively serving, the military will reimburse you for the cost of your adoption.
South Carolina State Employee: If you are a South Carolina state employee, you are eligible for benefits when adopting a child. After the adoption is finalized, you may take up to 6 weeks sick time to help care for the child. If you are a part of your employer’s insurance program, you may qualify for reimbursement for some of the adoption costs.
Monthly Subsidies: Should you adopt a child with special needs, you may qualify for monthly financial assistance from the state. This is to help cover medical costs that are not already covered by Medacaid.