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Deductions & credits
This can be a confusing area when it comes to parents who are caring for their grandchildren. It's important to report for both the grandparent and the parent to follow the same procedure based on your earnings and their deduction. The IRS has made it more clear about how to report, but Congress can make things complicated.
You have our awesome Tax Expert @AmyC and Tax Champ @Hal_Al providing excellent guidance.
@efender
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March 25, 2022
12:28 PM