Can I Claim Expenses for a Failed Adoption?
How We Protect Your Finances
The cost associated with adoption can be significant. As a hopeful adoptive parent, you’ve likely been saving up to bring home your child and complete your family. But if you’ve experienced an adoption disruption, you may have lost a significant amount of your adoption budget.
Below, we’ll answer your questions and explain exactly what you need to know about failed adoption expenses. We’ll also explains how American Adoptions protects our families’ adoption budgets through a Risk-Sharing Program, which you can join if you are still hoping to adopt.
If you would like to get more adoption information now, then you can contact us online at any time. Our team would be more than happy to help you out today.
Can I Claim Adoption Expenses for a Failed Adoption?
Yes, you can claim expenses from a failed adoption. It’s best to speak with a reputable accountant or tax attorney about how to do it, as they’ll be able to explain the process in simple terms. They’ll also ensure that you accomplish this in a legal, fair and ethical manner.
How American Adoptions Protects Your Investment
A failed adoption can be a devastating experience. On top of coping with the emotional loss and navigating your grief, you can also lose the thousands of dollars you’ve poured into this adoption opportunity.
At American Adoptions, though, you don’t need to worry about losing all that money. We give you the time to fully focus on any complex emotions you’re going through. Because of our comprehensive Risk-Sharing Program, you’ll receive 100% of your funds back.
Since we have implemented this program, we’ve saved adoptive families more than $4.6 million, and we’ve refunded 100% of lost fees in 98% of those families’ adoption journeys. For instance, we’ve recovered costs such as:
Birth mother living expenses
And prenatal care costs
In other words, you don’t have to deal with a financial loss on top of an emotional one. You have the ability to move toward your dream of fulfilling a family without rebuilding your adoption budget.
How Our Adoption Disruption Insurance Stands out in the Best Ways
Most adoption professionals do not have any type of financial protection. If they do, they typically have something known as a “rollover program.” Its name stems from the fact that these companies “roll over” your investment into the next adoption opportunity with that agency.
So, if a disruption occurs, you’ll lose thousands of dollars unless you pursue the adoption process again with that specific professional. This practice strips hopeful families of their agency and independence.
For example, if you would like to take a break from the adoption process or simply work with a different agency, then you’d lose all the money you’ve already spent on the failed adoption. Here at our agency, we put families first. That means we don’t use a rollover policy. We give you all your money back directly.
If you have been asking yourself, “Can you claim a failed adoption on your taxes,” then you’ve likely experienced a challenging adoption process up to this point. You may still be wondering if you’ll see the end of a successful process.
Moving forward, you won’t have to worry about losing more money when you work with American Adoptions. We protect you financially, because nothing matters more than the future of your family, and an adoption disruption should never drain your adoption budget.
When you wonder, “Can I claim adoption expenses for a failed adoption,” the answer is always yes. You should speak with a trusted tax attorney or accountant beforehand.
If you would like to continue your adoption journey after experiencing a failed adoption, choosing American Adoptions means choosing family, freedom and flexibility.
If you want to get more free information now, then you can fill out our online contact form today. Our staff would be more than happy to answer your questions whenever you’re ready to get in touch with us.
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