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We adopted a child through foster care in 2017. We receive a monthly adoption assistance payment. Is this considered taxable income?
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June 5, 2019
3:04 PM
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Deductions & credits
No. Only if you have more than 5 (I think) foster children over a certain age, then the IRS starts to think you are running a service.
June 5, 2019
3:04 PM