Caregiver Resources for 2023 Tax Season

mom, dad, and baby looking at a laptop screen
January 19, 2024

Foster parents and kinship caregivers may be eligible to claim a tax deduction on certain foster care payments for children who have been placed in their care for more than half of the tax year.

Exceptions apply for a foster child who was born within the tax year; caregivers will need to check with their tax advisor for assistance in claiming these potential deductions.