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Parenting -- Special Concerns
Reply to "Adoption costs?"
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[quote=Anonymous]Adoptive parents, can you tell me how you managed the costs and the impact of the tax credit on your refund? DH and I cannot have any more children due to severe and apparently irreversable uterine scarring. I really don't want to try IVF because it is so expensive and in my case I'm told the chance of miscarriage would be high. So we are beginning to look into adoption but staggered by the cost - $20K. I know it's a complex legal process and that legal services are expensive, but I didn't realize it would be [i]that[/i] expensive. We have some savings right now but not that much. DH wants to wait until we have the money saved, which I know is logical, but my heart breaks thinking about waiting even longer. We started TTC 1.5 years ago, our first child is getting older every day, and the emotional toll of the fertility testing and failed surgeries has taken its toll. I am okay with borrowing some money or using credit (if you can do that?) IF the tax credit will allow us to pay of the debt quickly. So, I'm just curious how others financed their adoptions and what the impact of the federal credit was. Our AGI is somewhere around $150K. Thanks all.[/quote]
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