Tax Breaks for Primary Caregivers of Grandchildren

Article Highlights:

• Head of household filing status
• Earned income tax credit
• Child tax credit
• Child care credit for certain working grandparents
• Grandchild education credits
• Medical and dental expenses

 
More and more individuals who thought their child-rearing days were over are now raising their grandchildren. It is estimated that 6.5 million children in the United States currently live with at least one grandparent, accounting for approximately 9% of all children nationally and more than half of those not living with their parents.  

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