Tax breaks may be available to grandparents

Grandparents in the challenging situation of raising their grandchildren should know that some tax breaks may be available to ease the financial burden of becoming primary caregivers for grandchildren. These may include head of household filing status, exemption for the child, the earned income credit, the child tax credit, the credit for child and dependent care expenses, credits or deductions for qualified education expenses, qualified medical and dental expense deductions, the adoption credit and state tax breaks.