Advertisements
Advertisements
Viewing Single Post
I found this:
Charitable Contribution
As long as you have a foster child in your care, you should keep detailed receipts for everything you spend in caring for that child. This should include basic living expenses, school expenses, extracurricular activities and any other expense that has been incurred to care for the child. At the end of the year, determine the total amount you spent to care for the child. Compare this amount to the total reimbursement payment you received from the state or foster care agency. If the total cost of items spent in the care for this child is more than the reimbursement received, the remainder can be deducted as a charitable contribution.