I have read a lot of IRS info and various web pages on tax options while caring for foster kids. I can’t find a specific answer to my question/situation. I will start with a summary of some facts.
Foster kids can be claimed as a dependent. We are unable to do that because the foster kids were not in our care for more than 6 months of 2020.
Payments received for caring for foster kids are not taxable income. We understand that and have not included that in our income.
Expenses for buying food, clothes, etc. for foster kids can be considered deductible (a charitable gift) if the entity that you are providing the foster care under is able to receive donations that would be treated as tax deducible. Our foster care system qualifies under the definition of being able to make tax deductible donations to them.
We bought food, clothes, diapers, etc. that we can itemize that were purchased for the foster kids. Since we did receive non taxable payments for being foster parents, can we also claim the charitable deduction for our expenses as well?
Thanks in advance
