Pluggers by Rick McKee for April 15, 2024

You could do like I’ve done an get custody from their mom.

Sadly, I know a number of people who have raised their grandchildren. A lot of responsibility goes with that deduction.

A Tax Day Reminder ;-)

Yeah, too bad spoiling the grandkids isn’t tax deductible somehow. Unfortunately it doesn’t get back at your parents for the spoiling they did to your kids.

I have always declared there are few more dangerous persons than a grandma in the kids store with a credit card. Look out grandkids!

I believe you could claim grandchildren as dependents, IF you can prove to the IRS that you contribute more than 50% of the cost of supporting them and their well-being, i.e… actual receipts for the cost of housing, clothing, school / daycare, healthcare, etc.

My wife does that regularly.

we do a little tax evasion as a treat

I asked once if I could claim the expenses of my horses. They said no, of course because I don’t HAVE to have horses. So I said “Well, one doesn’t HAVE to have kids, either, so… Wha-at?”. Didn’t fly but I had to ask.

They are called “GAPS”. Grandparents As Parents.

Maybe count your time with them as an entertainment expense?

Check out “Grand Avenue”, elsewhere on this website.

They are called Gaps. Grandparents As Parents.