Is it better, financially, to claim income from babysitting on taxes?

I babysit my nephew and am wondering if it would be more beneficial to my sister and I if I claimed the income from babysitting so as we can both use the tax deductions. What is the better way to go financially? I only watched him for 7 months last year and am going to watch both nephews (new baby) for about 7 ... show more I babysit my nephew and am wondering if it would be more beneficial to my sister and I if I claimed the income from babysitting so as we can both use the tax deductions. What is the better way to go financially? I only watched him for 7 months last year and am going to watch both nephews (new baby) for about 7 months at a rate of $600/month. Will I get good tax deductions to make claiming the income worthwile?
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