Can We Write off Income Loss for our Child Taking up a Spot?
I just adopted a special needs child who will indefinitely be home and not go to school. He takes up physical space obviously.
Is there a legal way to write off that spot on your taxes? It is a $900 loss each month forever. Thanks, D |
Caring for own child - deductible?
Originally Posted by Unregistered: |
Originally Posted by Unregistered: Congratulations on the adoption. happyface Originally Posted by Unregistered: |
Thanks guys. I can call nursing staff in which is covered by insurance if I went to work, so that wouldn't cost anything. I just would prefer not too. So it does actually cost me money. Thanks for the clarification though, figured it was a reach but worth asking.
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Is there an age where he/she will no longer count in your ratios? You can verify that with licensing.
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No, because they go by age or developmental age. He will most likely stay infant-toddler developmentally. Plus he takes up physical space in my home that otherwise, I could have for a daycare crib. So looks like I am forced to take the hit, which I figured I would.
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