What are the tax deductions for a stay-at-home parent?

[Knowlopedia]

For a stay at home parent, there are many available tax deductions. These can include items such as child care, your home office expenses and unreimbursed expenses. Childcare costs incurred while you're looking for a job or on-the-job training can be deducted, but cannot exceed $3000 a year because of the Earned Income Tax Credit phase-out. If you work out of your home, some expenses related to that might also qualify for deduction if they are not a qualified home office expense (those relate to running your business). You might also be eligible for deductions if you have unreimbursed employee expenses or if you have uninsured medical costs exceeding 7 1/2% of your Adjusted Gross Income. This is a game of inches, so if your employer offers a work-at-home program that provides you with qualified use of your home, you might want to give this a try. But be sure to research the program in advance to ensure that it qualifies as part of one's income.
You might also consider the fact that some employers offer tax-free bonuses or payments for taking on new responsibilities within the company. It's wise to seek out these opportunities because they can give you an immediate cash infusion while you're looking for work and getting yourself out there with an interview book and resume.