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 Are there any sources of funding for adoption available?Yes. Certain banks offer lower borrowing rates for adoption. There are reimbursements from a number of Kentucky employers of varying amounts and there are several organizations, including churches, which offer “gifts” for adoption expenses. After the adoption is complete, clients are urged to use the Adoption Tax Credit, which is usually available to Kentucky residents, depending on the family gross income. The tax credit has been adjusted upward from $10,000 due to inflation recently. Talk to your accountant for specifics. |