What can you write off on your taxes for your child?

Answer 1

Some childcare, medical (if you reach the proper number), certain types of schooling costs (very prohibitive), child support payments and of course the standard deduction. Also, if you own a business, your child can be an employee making up to $5299 per year without SS tax and medicare tax. This expense goes to business expenses and the child does not have to file taxes.

Answer 2

You can claim your child as an exemption (reduces you taxable income by $3400)
You can deduct child day care care expenses (up to a certain amount) if the child is in day care to allow you to work or search for work.
You can take a $1000 tax reduction credit (under current law). This credit reduces you tax, not your taxable income.
If you itemize, rather than take the standard deduction, you can deduct non-reimbursed medical expenses (above a certain amount).

Answer 3

Unreimbursed medical expenses and post-secondary tuition both come to mind. You also get an additional exemption, currently worth $3,400, that will reduce your taxable income.