On the 22nd of October 2024, the IRS issued Rev Proc 2024-40 wherein it announced the Adoption Tax Credit for adoptions finalized in 2025. The maximum credit will be $17,280, an increase from the 2024 limit of $16,810. The maximum credit will begin to be phased out when the adoptive parents’…
Thank you to Governor DeSantis for signing House Bill 1083 into law which expands adoption benefits payable to public employees who adopt a foster care child. Here are the pivotal changes to Florida Statutes 409.1664 which goes into effect July 1, 2024: * A $25,000 per child lump sum payment…
Making an adoption plan is a brave and courageous decision. If you are exploring adoption as an option or have made a decision to place your child for adoption you should make sure to become informed about your rights. An adoption attorney can provide you not only an overview of…
California has outlawed the use of unlicensed facilitators to broker adoptions or match prospective parents with pregnant mothers. Advocates of the new law allege many facilitators operate with little oversight, charge exorbitant rates to potential adoptive parents, and take advantage of poor and struggling pregnant women. Opponents of the law…
More than 113,000 children in foster care are waiting for a safe, permanent adoptive home right now. Foster care adoption is inexpensive and financial support is available for families, including federal and state tax credits. Many employers also provide adoption benefits, and subsidies are available for most children in foster…
In a world where the definition of family is continually evolving, the fight for equal parental rights remains a critical battle for justice and inclusivity. As advocates in this realm, The Law Office of Jeanne T Tate P.A. has witnessed firsthand the profound impact that outdated legal frameworks can have…
Are you pregnant and considering adoption? Are you an adoptive parent looking to start an adoption journey? If the answer to either of those questions is yes, you will need an adoption lawyer. Why Do I Need to Consult an Adoption Attorney? Although many adoptions go through seamlessly, others hit a…
Adoption Assistance Grants Our clients have received significant grants to assist with their adoption costs. Gift of Adoption is the largest provider of adoption assistance grants awarded without regard to race, religion, age, marital status, or sexual orientation. Grants of up to $15,000 are awarded monthly to qualified applicants to…
Navigating the Cost of Adoption Adoption costs in the U.S. vary widely and can cost anywhere from $0 to $50,000 or more, depending on the type of adoption. Money to help defray the cost of adoption is available from both governmental and private-sector sources. These are the major ones: Federal…
IRS AUDITS OF ADOPTION TAX CREDIT The Adoption Tax Credit was created by Congress in 1996 to encourage adoption by helping offset the costs. This laudable objective is being destabilized according to a report released by Fox News that 70% of taxpayers claiming the adoption tax credit were audited by…