Do the parents, who had to lose hours at work to care for a disabled child, get anything for their loss wages?

No, there is no tax credit for lost wages for taking care of your child.  You simply have less income subject to tax.

Education expenses for grades K-12 are not deductible on your Federal return, whether for private, public, or home schooling, nor are the expenses for tutoring, after school lessons or after school activities, such as dance lessons, sports, etc.  Some states allow deductions/credits for K-12 education and/or home schooling expenses; if your state has these deductions available, you will be prompted to enter them when you prepare your state return.  (As far as I know, the states that offer any sort of K-12 deductions/credits are Arizona,  Illinois, Indiana, Iowa,Louisiana, Minnesota, and Wisconsin)

Currently, there are no IRS tax breaks for homeschooling.  However, some states will offer tax credits for homeschool expenses.  These credits will be entered in the deductions and credits portion of your state tax return, if available.  Here is a breakdown of a few of the states that offer credits for homeschooling:

• Arizona - tax credit of up to $400.00 for homeschooling cost such as textbook, materials, curriculum, etc..  
• Illinois - tax credit for homeschooling expenses in excess of $250 up to $750 per year.
• Indiana - $1000 per qualifying child
• Iowa - credit of up to 25% of qualifying expenses up to $2,000
• Louisiana - 50% of the actual qualified expenses for the tax year
• Minnesota - Grades k-6th up to $1,625, Grades 7-12th up to $2,500
• North Carolina - up to $1,000 per child

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