A grandmother can take the Earned Income Credit if she meets certain income limits; if her grandchild meets the guidelines for a “qualifying child;” and if nobody else can claim the credit for her grandchild.

Can you claim your grandchild as a dependent?

Yes, if your grandchild meets the IRS tests for a qualifying child you can claim them as a dependent.

Can I carry my grandmother on my taxes?

Direct relatives do not have to live with you to count as a qualifying relative for tax purposes. Examples of direct relatives include your mother, father, grandmother, grandfather, stepmother, stepfather, mother-in-law, father-in-law, aunt, uncle, brother, sister, stepsibling, and half sibling.

Are there any tax credits for adopting grandkids?

And, if you choose to legally adopt your grandkids, there’s an Adoption Credit that provides a federal tax credit of up to $13,570. There are even education-related tax credits that can help your grandkids go to college, like the American Opportunity Tax Credit or the Lifetime Learning Tax Credit.

Are there any tax benefits for Grandparents Raising Grandchildren?

In addition to the financial assistance programs, there are also a number of tax benefits that may help you too like the Dependency Exemption, which allows you to deduct $4,050 in 2107 on each qualifying grandchild.

Where can I get health insurance for my grandkids?

If your grandkids need health insurance, depending on your income level, you may be able to get free or low-cost health insurance through your state’s Medicaid and the Children’s Health Insurance Program. See InsureKidsNow.gov or call 877-543-7669 for more information.

Where can I find out if my grandchildren are eligible for Social Security?

You also need to find out if your grandkids are eligible for Social Security, including benefits for children, survivor benefits or SSI. You can find this out at your local Social Security office, or call 800-772-1213 or visit SSA.gov.