Category: Adoption Expenses

Learn how to budget for adoption expenses and explore financial aid options.

How The 529 Foundation Can Help Your Family Save For College

Post author By Lauren D
Post date January 2, 2017

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 […]

Tags 529 college plan, 529 foundation, 529 plan, Adopt, Adoption, Adoption community, Adoption journey, College savings, Nonprofit organization, South Carolina, Thompson Dove Law Group

Adoption Costs Adoption Expenses Adoption Law Adoption Tax Credit Financial Considerations Tax Implications

The IRS Announces 2017 Federal Adoption Tax Credit

Post author By Lauren D
Post date December 8, 2016

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 […]

Tags Adopt, Adoption, Adoption law, Adoption Lawyer, Adoption Lawyer South Carolina, Adoption tax credit, Charleston, DSS, Federal tax credit, IRS, James Fletcher Thompson, Spartanburg, Special needs adoption, Tax credit, Thompson Dove Law Group

Adoption Costs Adoption Expenses Adoption Law Adoption Tax Credit

The IRS Announces 2016 Federal Adoption Tax Credit

Post author By Lauren D
Post date November 10, 2015

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 […]

Tags Adoption, Adoption law, James Fletcher Thompson, Tax credit

Thompson Dove Law Group

2 days ago

Choosing to adopt a foster child is a great opportunity if you are open to adopting an older child and don’t want to wait a long time to grow your family. There are hundreds of children in South Carolina waiting to be adopted that you can view today in your state's foster care adoption photolistings.⁣⁣When you adopt a foster child who’s waiting in the system, their biological parents’ rights have already been terminated. Therefore, there is no potential for reunification with their parents and no need to take legal steps for termination of parental rights (which can be a complicated process and may be necessary in other types of foster care adoption).⁣⁣Our law firm is available to represent adoptive parents in their adoption of a child from the Department of Social Services — completely free of charge for adoptive parents. We do not require the adopting parents to advance any sum for costs, fees and expenses but, instead, are pleased to wait on the DSS subsidy for payment for our costs and expenses. The state of South Carolina offers a $1,500 subsidy for all adoptive parents to cover nonrecurring adoption fees, like the legal expenses of finalizing adoption.⁣⁣Thanks to this subsidy, our law firm is available to handle these DSS adoptions throughout the state at no additional charge to the adopting parents. ... See MoreSee Less

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