The National Foster Parent Association is pleased to present the 2007 Tax Benefits for Foster, Adoptive Parents and Kinship Caregivers. This resource guide provides you with valuable information worth several thousand dollars or more in tax benefits.

The guide is filled with links to reference material and explains basic rules and offers tips on ways that foster and adoptive parents and kin­ship caregivers can claim deductions and credit available to them. Nei­ther the Internal Revenue Service (IRS) nor commercial tax manuals of­fer information on unique tax rules that affect these families. As a result, obscure and complicated tax rules cause some families, and even some commercial tax preparers, to overlook or miss deductions and tax cred­its.

Thank you to Casey Family Programs for their collaboration on the pro­duction of the Federal Tax Benefits guide.  It’s Here! Visit www.NFPAonline.org and view the wonderful resource for foster parents. 

This entry was posted on Monday, February 4th, 2008.