The state placed a child with us during this past year. we received money from the state for that child. Is that money taxable?

wjtell · ‎June 5, 2019

IreneS · ‎June 5, 2019

No - Payments for providing foster care in your home are not taxable income.

If you receive a 1099-MISC for the payments, it's possible that the IRS will send you a letter in the future asking about it, but all you have to do is explain that the payments were for foster care.

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IreneS · ‎June 5, 2019

No - Payments for providing foster care in your home are not taxable income.

If you receive a 1099-MISC for the payments, it's possible that the IRS will send you a letter in the future asking about it, but all you have to do is explain that the payments were for foster care.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

wjtell · ‎June 5, 2019

Thank you. You confirmed what I thought.

The state placed a child with us during this past year. we received money from the state for that child. Is that money taxable?