We make adoption process affordable
We started in 1995 from volunteer work with “Big Brother, Big Sister” program in one of the orphanages in Kiev, Ukraine. The time of being an older “brother”, “sister”, a “mentor”, the only person who manifested a volunteer care for a lonely little kid has profoundly revealed us the inner world of the orphanages, the hopes and disappointments, little joys and everyday struggle of abandoned children.
Adoptions: International vs. Domestic
There are several factors you should be aware of when considering international adoption. Cost of adoption and legal rights are the two major ones. Income criteria – When considering the expansion of family by any way, birth or adoption, at some point every future parent comes in the thoughts to the issue of money. Some of us are more fortunate and the decisions are
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Resources: Finance your adoption
Did you know that most of the costs of an adoption will be returned to you through federal tax credits? Effective January, 2002 there is a $10,000 per child credit that you can receive for adoption expenses. You should get Publication 968 – Tax Benefits for Adoption, which can also be downloaded online: www.irs.ustreas.gov or CHI will send you a copy. View PDF file at: http://www.irs.gov/pub/irs-pdf/p968.pdf
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The Adoption Assistance Tax Credit
Enacted on August 20, 1996, Small Business Job Protection Act of 1996 (SBJPA) Public Law 104-188 made several refinements and improvements to the Internal Revenue Code, including the creation of a two-part adoption assistance tax relief program. Although many areas of the SBJPA merely revised or rewrote existing laws, the adoption assistance provisions are a welcome addition to the tax code. Prior to enactment
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