Permanent Guardianship refers to a legal arrangement in which a guardian is appointed to care for a minor child without terminating the parental rights of the biological parents.
A Stay-at-Home Parent dedicates their time to full-time care of their children, managing household tasks, and providing emotional and developmental support.
An in-depth exploration of Temporary Guardianship, a short-term arrangement where a guardian is appointed to care for a child for a specified period.
A nonrefundable tax credit allowed for a percentage of expenses incurred for household services or care of a child or other dependent, where the taxpayer maintains a household that includes one or more dependents who are under 13 years of age or mentally or physically incapacitated. The percentage of the credit varies inversely with the taxpayer's Adjusted Gross Income (AGI) between $15,000 and $43,000.
An overview of the Dependent Care Credit, its eligibility criteria, benefits, and application process.
