economic costs of adoption

[Anonymous]

"You arenot comparing like with like. lLooking after/ spending money on children over the course if time i.e. as the money is earned is very different from having to have the $25k-$75k sitting in your account to hand over to the adoption agency."

The PP is probably more on target than you are thinking. You don't pay $25 to $75k up front. It's paid over the course of the adoption proceedings. I adopted three times and there was always plenty of time to save in between each payment that was due. We just put away the amount we expected to be paying for the things listed by the PP and we didn't have to borrow anything.

[Anonymous]

Anonymous wrote:And remember the Federal Tax Credit which is approx. $12,000 for adoptions completed in 2010. And many employers also give money to adoptive parents to assist with costs from completed adoptions. We are in the final stages of an international adoption and expect to receive approx. $17,000 ($12k from Feds, $5k from work) back.

The IRS has been giving us the run around on the tax credit for 3 years now. They keep asking for ridiculous amounts of proof for our expenses and then changing the requirements. They recently denied us the tax credit yet again, saying that we had not provided sufficient proof and that birth mother expenses and out of state agency fees were not legitimate expenses. We are probably going to give up. So I would not rely on the tax credit anymore.