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First of all, I'm NOT a tax accountant. This is MY understanding of how it works to claim foster children as a dependant. You want to call a tax accountant and find out what they say.
If I'm not mistaken, you can only claim a foster child as a dependant if 1) they lived with you for the full year and 2) you can show they you paid more money for their care then the state did. If the state gives you $250.00 a month for their care then you have to show you paid $251.00 a month out of your own pocket for a total cost of living on the child of $501.00 per month. To do this, you have to itemize your taxes. You would take your house payment and divide it by the number of people in your home, any groceries you bought, toiletries, gas for taking them places, ect. You will also have to have reciepts. We actually have an adpopted daughter that we can't claim on our taxes. We recieve an adoption subsidy for her because she is severely multiply disabled. We don't provide more money for her care than the state does, so we don't claim her.
Once again, I do NOT do taxes, even my own. I pay someone else to do them. You should call someone who does and have them tell you whether or not you can do this.
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~We worry about what a child will become tomorrow, yet we forget that he is someone today. ~Stacia Tauscher~
~A characteristic of the normal child is he doesn't act that way very often. ~Author Unknown~
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