Child Welfare Information Gateway
Online Digest
April 2008
- Resources
Guide to Federal Tax Benefits for Foster and Adoptive Parents
Just in time for tax season, a new resource guide, Federal Tax Benefits: Foster, Adoptive Parents and Kinship Caregivers: 2007 Tax Year, has been published by the National Foster Parent Association (NFPA) to provide information on deductions and credits available to foster and adoptive parents and kinship caregivers. An increase in the adoption tax credit is among the tax code changes for the 2007 tax year. Application of the tax laws to individual circumstances may require reference to rules and policies that are not included in the guide. NFPA suggests that users give a copy of the guide to their tax advisors.
The guide is available online:
www.nfpaonline.org/uploads/2007_Federal_Tax_Benefits.pdf (PDF - 837 KB)
Vol. 9, No. 3
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