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Financing Your Adoption Home About Us History and Mission Board of Directors Staff Bios Career Opportunities Accreditations Contact Us Adoption Programs How do I get started Synopsis of All Programs China Adoption Colombia Adoption Ethiopia Adoption Kazakhstan Adoption Russia Adoption Vietnam Adoption Waiting Children Office Locations Search by State Central Branch Colorado Branch Northeast Branch Ohio Branch Southeast Branch Southwest Branch St. Louis ~ Home Office Texas Branch Upper Midwest Western Branch News! Adoption Announcements Latest News Program Updates Newsletters Chat Groups Newsroom Helpful Information All Guide & Application Meetings & Events Webinar Reference Families Children s Hope Associate Partners (CHAPs) Homeland Tours Church Outreach Financial Concerns Weblinks Suggested Books Rights & Responsibilities Site Map Adoption Guide Apr 23, 2008 Financial Concerns Financing Your Adoption Adoption Tax Credits Annual Financial Reports Helpful Information Meetings & Events All Guide & Application Reference Families CHAPs Homeland Tours Church Outreach Financal Concerns Weblinks Suggested Books Family Rights & Responsibilities Site Map Website Feedback Home > Helpful Information > Finances Financing Your Adoption WAYS TO FINANCE ADOPTION AND INFORMATION ON FEDERAL AND STATE TAX CREDITS Some wonderful people want to adopt a child but don t realize that, in many cases there are finances available to cover most if not all of the adoption costs Most of the costs of an adoption will be returned to you through federal tax credits. Yes it is true. Current tax filing for the 2007 tax season provides for $11,390 adoption tax credit. The 2008 adoption tax is $11,650. We strongly recommend adoptive families consult a legal or tax professional for more details. You should get Publication 968 – Tax Benefits for Adoption, which can also be downloaded online, click here or CHI will send you a copy. ...