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Retirement tax questions
Baby sitting your grand kids doesn't make them a dependent or qualifying child for refundable credits. So, what's the real tax question, if it's not about claiming the children as dependents?
Grandparents are exempt from the "nanny tax", unless the parent claims the dependent care credit. So, you do not have to report any baby sitting income, form sitting you own grandkids.
Grandparents are exempt from the "nanny tax", unless the parent claims the dependent care credit. So, you do not have to report any baby sitting income, form sitting you own grandkids.
‎June 4, 2019
10:19 PM