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We foster through a non-profit agency and are not reimbursed in any way. Can we deduct expenses for the child we pay out of pocket? Do we list as items or money donated?
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Deductions & credits
If the out-of-pocket expenses were incurred for a charitable
organization, you may
claim them as charitable cash donations (part of your itemized
deductions) in the Deductions & Credits section.
Data entry in Turbo Tax:
1. Federal Taxes
2. Deductions & Credits, Jump to Full List
3. Charitable Donations, select Donations to Charity
Please be sure to obtain an official letter from the
charity you volunteer for, confirming that you foster for their
organization. An approved/registered charity is one that has a recognized
501(c)(3) designation as a Not-for-Profit organization. If you purchased items you can enter them individually, or if you keep very accurate records (DATE, AMOUNT, ITEM) you could enter the total (be sure to indicate multiple times, different amounts)
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