thompson-dove-law-groupCurious about adoption expenses? Discover how much it costs to grow your family.
Updated for 2024 deduction dollars: Now that 2025 is officially underway, it is time for families who finalized their adoptions in 2024 to take advantage of the 2024 Federal Adoption Tax Credit. Adoptive parents can find information about the Federal Adoption Tax Credit on the IRS website. This provision allows adopting parents to take a tax […]
Many work places offer adoption benefits to support employees who choose to grow their families through adoption. These benefits vary greatly from company to company. We are so proud of a recent client who was able to advocate for her family, ultimately changing the adoption benefit at her company. Her story demonstrates that change is […]
Now that 2019 is officially underway, it is time for families who finalized their adoptions in 2018 to take advantage of the 2018 Federal Adoption Tax Credit. Prospective adoptive parents can find information about the Federal Adoption Tax Credit on the IRS website. Basically, this provision allows adopting parents to take a tax credit for […]
Raising a child is one of the most rewarding experiences you can have, but it also comes with its fair share of stress and anxieties. Saving for college is definitely one of those worries. Tuition is getting higher than ever, and thousands of college graduates are in debt. But paying for college doesn’t have to […]
Unfortunately, less than half of companies in the United States offer adoption benefits to their employees. But thanks to the work of organizations like the Dave Thomas Foundation and other leading companies promoting adoption benefits, these numbers are rising. The Dave Thomas Foundation for Adoption, established by Wendy’s founder Dave Thomas, is an organization that […]
The IRS announced the maximum tax credit for 2017. Prospective adoptive parents can find information about the Federal Adoption Tax Credit on the IRS website. Basically, this provision allows adopting parents to take a tax credit for “qualified expenses” to adopt a child. “Qualified adoption expenses” are reasonable and necessary adoption fees, court costs […]
When it finally comes time to finalize your adoption, you have likely already been on a long and emotional journey. So the last thing you want is to experience any last-minute bumps in the road. An adoption attorney can help your finalization go off without a hitch. Why hire an attorney who specializes in adoption […]
The adoption community has been getting quite a bit of attention this summer thanks to the incredible Simone Biles. Biles, whose maternal grandfather Ron and his wife Nellie adopted her and her sister in 2001, led Team USA to the team gold in gymnastics, and picked up three gold medals and one bronze of her […]
The Adoption Friendly Workplace is the signature program of The Dave Thomas Foundation. Widely known as the founder of fast food chain Wendy’s, Dave Thomas established the foundation in 1992. They have taken a stance to increase awareness across the nation about children waiting in foster care and the process to adopt. Bringing to light […]
On November 2, 2015, the IRS announced the maximum tax credit for 2016. Prospective adoptive parents can find information about the Federal Adoption Tax Credit at the IRS website. Basically, this provision allows adopting parents to take a tax credit for “qualified expenses” to adopt a child. “Qualified adoption expenses” are reasonable and necessary adoption […]