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Returning Member
posted Feb 20, 2021 12:48:55 AM

Do I include money from the county that I receive through AB 12 since I am a foster youth in California. Is this considered social security?

I am a foster youth in California and I receive a monthly stipend through AB 12 that is not considered income. I have put some of this money into investment vehicles such as stocks in the past. Should I note these funds as Social Security?

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1 Replies
Expert Alumni
Feb 21, 2021 8:10:22 AM

The monthly stipends) you receive through a foster care program are not Social Security.

 

These would be considered "welfare payments" and welfare benefits are not taxable.