1957677
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
ToddL99
Expert Alumni

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?

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.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question