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Is there a tax credit for being a foster parent?

Oliver Johnson | 2023-06-05 19:28:09 | page views：1713
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Benjamin Davis

Works at the International Seabed Authority, Lives in Kingston, Jamaica.
Foster parents who claim a --charitable deduction-- for certain costs (see below) can't use those same costs to meet the support test. If you meet the rules to claim the child as a dependent, and the child is under age 17, you may be able to get the Child Tax Credit, which is worth up to $1,000 per child.
2023-06-07 19:28:09
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Oliver Jackson

QuesHub.com delivers expert answers and knowledge to you.
Foster parents who claim a --charitable deduction-- for certain costs (see below) can't use those same costs to meet the support test. If you meet the rules to claim the child as a dependent, and the child is under age 17, you may be able to get the Child Tax Credit, which is worth up to $1,000 per child.
Tax Rules for Adoption, Foster Care and Relatives ... - LawHelpMN
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