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Deductions & credits
Poster has apparently already done their homework:
" you may be able to deduct your unreimbursed foster care expenses as a charitable donation. The expenses are deductible if the agency or organization that placed the child with you can receive charitable donations (so your local social services department would not qualify)"
Reference: https://www.1040.com/tax-guide/taxes-for-families/foster-parents/
‎February 13, 2022
12:47 PM