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Foster Parent Tax Returns

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    Foster Parent Tax Returns

    I have not done these returns for some time but is there a source I can read on what is deductible? Also, does the parent qualify for EIC credits? In this case there are more than 6 foster children. Any information would be helpful. Thanks!

    #2
    I suggest you research the code, Pub 17 or the instructions for foster parents/children
    Believe nothing you have not personally researched and verified.

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      #3
      I have one client whose foster daughter was placed in her custody by the state agency and the document clearly stated that she could avail all federal and state tax credits and deductions for that child. So we followed the support and residency test and it passed!
      Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDR

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