tag:blogger.com,1999:blog-316191265933534655.post1868488075165391339..comments2024-02-27T00:41:15.985-06:00Comments on AdoptionTalk: Adoption tax credit nets family $54,000 refundmalindahttp://www.blogger.com/profile/06233439015219192874noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-316191265933534655.post-50295874182662342772011-04-06T16:33:46.150-05:002011-04-06T16:33:46.150-05:00For some reason, this article REALLY bothers me. ...For some reason, this article REALLY bothers me. When I first read Kyg. claimed adoptive parents did it for financial gain, I thought they were crazy. Now I see they have some validity to say this. I know in China, once my daughter's SWI started doing international adoptions and receiving the $3000/child from adoptive parents, the number of so-called abandonments sky-rocketed. Now I'm learning they really weren't true abandonments but family planning confiscations. I truly believe any time you introduce the ability of one party to make money in an adoption, you invite trouble and the risk that some people will be adopting for the wrong reasons or offering children for the wrong reasons. Examples of this can easily be found in other foreign countries like India, Ethiopia and Guatemala.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-316191265933534655.post-24538365303837689122011-04-06T12:10:09.694-05:002011-04-06T12:10:09.694-05:00If the tax credit helps motivate good parents to a...If the tax credit helps motivate good parents to adopt children that need families, why not? And I don't see how a mere $50k in benefits is going to do much to help this particular family handle the costs that will arise with 5 special needs children. If people actually think they are going to make money by adopting, they are lunatics.<br />M.Mahmeehttps://www.blogger.com/profile/13389550318044470734noreply@blogger.comtag:blogger.com,1999:blog-316191265933534655.post-69577923670124314352011-04-06T08:05:11.295-05:002011-04-06T08:05:11.295-05:00Oh, there is something I hadn't thought of.
...Oh, there is something I hadn't thought of. <br /><br />If a family fundraises for an adoption and/or receives grant money from a place like Kingdom kids to compelte an adoption--- do they still get the tax refund?<br /><br />Is the $$ subtracted out? I am guessing "no" if from a fundraiser but "maybe" if from a grant.Reenahttps://www.blogger.com/profile/07119020258638171080noreply@blogger.comtag:blogger.com,1999:blog-316191265933534655.post-28463074882795516892011-04-05T23:53:26.089-05:002011-04-05T23:53:26.089-05:00i meant to write: i hope for potential adoptive fa...i meant to write: i hope for potential adoptive families adopting special needs children they realize it can be only the beginning.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-316191265933534655.post-36509595825341111142011-04-05T23:51:54.504-05:002011-04-05T23:51:54.504-05:00i see families fundraising, using tax credit, etc ...i see families fundraising, using tax credit, etc to adopt a special needs child. i only hope that for many special needs children, it is only the beginning. they have to be able to financially support that child once it gets homes and if the child requires medical and theraputic support. even w/ medical insurance, it can be very expensive. not to deter, but to be realistic-- it's beyond the adoption trip.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-316191265933534655.post-85335355608158370682011-04-05T15:30:12.584-05:002011-04-05T15:30:12.584-05:00"Some people also assume that since American ..."Some people also assume that since American families that adopt receive certain financial benefits and tax breaks, they must be doing it less out of the goodness of their hearts and rather to supplement their income." Just have to point out that this is completely off-base. The tax credit for international adoptions only applies to money actually spent on adoption, which is going to add up to way more than $13,000. That "special Needs" windfall is strictly for domestic foster-care type adoptions. The only tax break for adopting internationally is the same child tax credit that everyone else gets.<br /><br />But of course, if people in other countries really think we are harvesting organs, then I guess a supposed financial incentive isn't that far-fetched.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-316191265933534655.post-17372932630150330722011-04-05T10:05:30.088-05:002011-04-05T10:05:30.088-05:00I thought the same thing about the article on Kryz...I thought the same thing about the article on Kryz adoption when I read this article. I hope to God people don't go running out to try to adopt kids thinking that they are financial windfalls. It's bad enough that there are actually people who become foster parents because they think they will get paid a lot of money from the gov't for doing that.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-316191265933534655.post-85867166850040198982011-04-05T09:58:53.309-05:002011-04-05T09:58:53.309-05:00Ummm... Anon. Keri,
Should we as a nation conti...Ummm... Anon. Keri,<br /><br /> Should we as a nation continue to subsidize families that cannot or will not pay their own way? For how long? Who gets to determine the criteria? Until the child is grown? How many generations?<br /><br /> So we help some, but not others. Help some, but heaven forbid an adoptive family recovers some of their expenses.<br /><br /> So......we,<br /><br /> <br /> Fund health care, provide school lunches, respite care, aid to women/dependent children?<br /><br /> Unemployment benefits for almost 2 years? Etc... Fertility treatments for couples? Medicinal support for men with erection issues? Aid for illegals? Hand out cell phones for free....<br /><br /> Umm...seems to me we are all already paying ~ one way or another.<br /><br /> Additionally, they estimate now it takes about 1.5 million dollars to raise a child from infancy to adulthood; the adoption tax credit is chump change towards that end.<br /><br /> Furthermore if Kyg. wants to use this as an example, they will. But even without it, they would have cited some rationale. The bigger question is why can't they take care of their own? Or won't....Rather than address that, they prefer to accuse the motives of adoptive families, thus taking the spotlight off of their own deficiencies. Fine if they wish to do away with IA ~ but don't make adoptive families the scapegoat.<br /><br />As to families benefitting from this having paid no adoption related expenses or having paid any taxes: seems like shaky ground to me, but I'm not at all surprised. And afterall, lots of folks don't actually "pay" taxes and still recieve a return each year: child tax credit.<br /><br />Anon. BeckyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-316191265933534655.post-50043597443457483262011-04-05T06:03:55.661-05:002011-04-05T06:03:55.661-05:001-2-theemotimes......should we adopt when we can&#...1-2-theemotimes......should we adopt when we can't afford it?....would we be so willing to re-mortgage our house and take out loans to help a child stay with their mother?.....i am an ap...who wonders why $ has to be involved at all...i think if we followed this tax break money trail we would find it is not for humanitarian needs but political.....<br /><br />keriAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-316191265933534655.post-79105328811096836532011-04-05T00:16:44.113-05:002011-04-05T00:16:44.113-05:00I see nothing wrong with the tax credit. Actually,...I see nothing wrong with the tax credit. Actually, I think it's wonderful for families who want to adopt, but are having trouble financing it. For the families who have to mortgage the house or take out a personal loan, the tax credit would help pay some of that debt off.Blogging at Tiffany'shttps://www.blogger.com/profile/09136002687975678144noreply@blogger.comtag:blogger.com,1999:blog-316191265933534655.post-53335979865598148672011-04-04T22:06:31.483-05:002011-04-04T22:06:31.483-05:00Wow. I had no idea that you could receive the cre...Wow. I had no idea that you could receive the credit even if you had not incurred any expenses. I find that a bit odd and it doesn't really go along with the purpose of helping to offset expenses.<br /><br />On the other hand, we have an orphan crisis in our foster care system full of older children and sibling groups that many will not step forward to adopt. While monetary gain should NEVER be a reason to adopt, it must be a welcome surprise to the parents who do choose to welcome these more difficult to place children into their home.everythingismeowsomehttps://www.blogger.com/profile/06671155513531459483noreply@blogger.com