At Adoption Support Center, our philosophy is “You will get the child you are meant to raise.” Our agency staff will work closely with you to explore all of your financing options.
Federal Tax Credit for Adoption
We are very pleased to report that Congress renewed the Adoption Tax Credit as part of the recent “Fiscal Cliff” negotiations. The credit is now permanent and not refundable, meaning adoptive parents can get a credit based on their tax liability with up to five years to take the full amount. The maximum credit is set at $13,460. Families with incomes under $201,920 will receive the full credit and it will gradually phase out by $241,920. Indiana also offers a $1000 tax credit as of 2015.
For more questions, contact the IRS at 1-800-829-1040 or go to www.irs.gov.
MasterCard, Visa and Discover
ASC accepts these credit cards. Home studies, post-adoption follow-ups, activation fees, advertising and placement fees may all be paid by credit card. We charge a 3% convenience fee whenever a credit card is used.
Many banks, both online and in your own neighborhood, may also approve adoption loans.
NorthPark Community Credit Union Visa Loan Program
We are excited to announce a new option for adoption funding! ASC has partnered with NorthPark Community Credit Union to create a simple Visa loan program that we feel will be of great interest and help to many adoptive families. Contact a NorthPark CCU Loan Officer at (317) 733-2200 for more information and current rates.