a) The monthly adoption assistance subsidy shall not exceed the licensed foster home care payment standard for the applicable type of foster care. The maximum amount of the monthly adoption assistance subsidy will increase whenever the child reaches ages one, five, nine, and 12 (except for specialized rates), and whenever a cost of living increase in the foster care rates is granted.
b) The monthly adoption assistance subsidy shall be reduced based on a graduated income scale starting with the adoptive parents' annual taxable income of $75,000 (after all deductions have been made on their Federal Income Tax return and after the verified costs associated with any post-secondary education or training have been deducted) in accordance with the chart below.
Taxable Family Income: Percentage of Full Adoption Subsidy Rate:
Up to $74,999 100%
$75,000 - 79,999 95%
$80,000 - 84,999 90%
$85,000 - 89,999 85%
$90,000 - 94,999 80%
$95,000 - 99,999 75%
$100,000 - 104,999 70%
$105,000 - 109,999 65%
$110,000 - 114,999 60%
$115,000 - 119,999 55%
over $120,000 50%
c) The monthly adoption assistance subsidy will be reduced by the amount of benefits paid on behalf of the child, such as SSA, SSI, Veteran's, Railroad Retirement, Black Lung, or when other income is received for the child.
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