Caregiver Resources for 2023 Tax Season

February 6, 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.

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