Looking for answers to a tax questions. I have custody of two grandkids, wondering about deducting expenses?
Looking for answers to a tax questions. I have custody of two grandkids, wondering about deducting expenses?
CPS took my grandchildren from my daughter, now I have legal custody. When I took the kids into my home, CPS asked if I needed any changes made to my house because of the kids. I thought it was temorary so I said no. That was almost 5 years ago. One child is a boy, one is a girl, my home is two bedroom. I needed to seperate the kid bedroom. I am now out of a lot of money and wondering if there is some way of deducting these expenses on my taxes.
Answers:
Judy: Unfortunately, no, not on your taxes. Check with CYS to see if there's any kind of grant you can get for it.
Good luck.
2007-02-04 16:41:15
2007-02-04 16:41:15
Chosen Answer
WealthBuilder: No. This is the cost of raising a family. You are likley to be able to claim the children as dependents, and you would be eligible for the Earned Income Credit and the Child Tax Credits if your income is in the allowable ranges. Enrolled Agent
2007-02-04 17:53:19
WealthBuilder: No. This is the cost of raising a family. You are likley to be able to claim the children as dependents, and you would be eligible for the Earned Income Credit and the Child Tax Credits if your income is in the allowable ranges. Enrolled Agent
2007-02-04 17:53:19