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More Benefits for Those Who Adopt
The number of employers offering adoption assistance is soaring, reports Stephanie Armour for USA TODAY.
Nearly 50% of employers offer adoption benefits, according to a survey by benefits consultants Watson Wyatt Worldwide. That's up from 37% who offered the benefits in 2003.
With some adoption costs topping $30,000, employers are increasingly providing cash reimbursement for adoption-related legal services, paid time off or other benefits to help. Unlike health insurance reimbursement of pregnancy costs, though, payments for adoption assistance are considered taxable income.
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