Do You Get Financial Help for Adoption in Iowa?

Yes, there are options for financial help for adoption in Iowa, but it depends on your circumstances and who you reach out to. As a national adoption agency licensed in your state, we can connect you with local, state and federal financial aid for adoption.

As a full-service, national adoption agency, we can also help you address the financial aspect of this life-changing journey while protecting your finances too.

To learn more about the financial help available for adopting a child, contact us online.

Is There Financial Help for Adoption in Iowa?

Yes, Iowa does offer financial help for couples looking to adopt.

You can apply for local grants like:

• Katelyn’s Fund: You must submit an application and participate in an interview if chosen.

• Stability Grant: This grant is only available for families who have a subsidized adoption or guardianship through the Department of Health and Human Services (DHHS).

• Beauty Amidst the Ashes Adoption: Grants range between $1,000-$5,000.

Adoption loans are another form of financial help for adoptive parents in Iowa. In Nov. 2023, Rep. Zach Nunn (R-Iowa) thanked local credit unions on the House floor for the loans they provide specifically designed to help families with adoption costs.

How Much Is the Adoption Credit from the IRS?

The adoption tax credit first became a resource for financial aid for adoption in 1996. This tax credit is nonrefundable, reduces what you owe in federal income tax and is meant to provide you with financial relief for qualified expenses from the adoption journey.

Iowa also offers financial assistance for adoption with its tax credit being for individual income tax up to the first $5,000 of unreimbursed expenses related to the adoption.

In Feb. 2024, the state legislature advanced a bill that would raise that amount to $20,000.

If you are adopting a child with special needs, Iowa has an adoption subsidy program. This program allows you to grow your family without the financial burdens that can come with adopting and is only available to children who have special needs and are in the custody of the Iowa DHSS or a licensed adoption agency.

Before finalization, you and the social worker with the HHS will negotiate an agreement that can cover:

• A monthly maintenance payment

• Medical coverage

• Nonrecurring legal fees

• Special services

Fill out our form to get more free information about financial help for adoptive parents.

How We Provide Financial Help for Adoptive Parents [Get the Support You Deserve]

Working with us is another way to get financial assistance for your adoption.

With our comprehensive services, we’ll work with you to set a budget and ensure you come in at or under that budget.

We have fixed agency fees which means you’ll know what it costs to work with us upfront. There won’t be any additional financial help for your adoption needed as a result of hidden fees or something else that happens during your journey.

As a full-service adoption agency, we have a low-cost identified adoption program that can get you the services you need such as:

• Birth parent support and counseling

• Open adoption support

• Case management services

• Legal referrals

• Escrow management for birth parent financial assistance

• 24/7 support during hospital time

• Guidance on finalization and beyond

With most adoption professionals, in the event of an adoption disruption, your money is lost.

Our risk-sharing program is just one more way we provide you with financial security and aid for your adoption in Iowa. We know that adoption is an investment, emotionally and financially, which is why our risk-sharing program refunds your money back to you.

This program has saved adoptive families over $4.6 million since it began, recovering lost fees that include:

• Birth mother's living expenses

• Prenatal care expenses

• Legal expenses

• And more

Get the support you deserve by using our online form. 

Disclaimer
Information available through these links is the sole property of the companies and organizations listed therein. American Adoptions provides this information as a courtesy and is in no way responsible for its content or accuracy.