Federal Tax Guide for Foster Parents
The National Foster Parent Association publishes an annual guide for foster, adoptive and kinship parents that explains the ins-and-outs of how in-home care affects your federal taxes.
The Tax Benefits for Foster, Adoptive Parents and Kinship Caregivers resource guide provides you with valuable information worth several thousand dollars or more in tax benefits.
Available to NFPA Individual members only (join NFPA now!):
Federal Tax Benefits for Foster, Adoptive and Kinship Caregiver - 2012 Tax Year
Not a member? You can download the tax guide from previous years:
2011 Federal Tax Benefits for Foster, Adoptive and Kinship Caregivers
2009 Federal Tax Benefits for Foster, Adoptive and Kinship Caregivers
2008 Federal Tax Benefits for Foster, Adoptive and Kinship Caregivers
For in-depth adoption credit information, we recommend that you also visit the North American Council on Adoptable Children website.
If you plan to use online tax software to file your taxes, take a look at Reviews.com's section on Online Tax Software to find one that's right for you. (This is not an endorsement for Reviews.com or the Online Tax Software page. This suggestion is provided only as a resource for our members.)