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No, foster care payments are not considered taxable income and are not included on our tax return if care is provided to a qualified foster individual and they are paid by a state or qualified agency.
No, foster care payments are not considered taxable income and are not included on our tax return if care is provided to a qualified foster individual and they are paid by a state or qualified agency.
So what do with the 1099-MISC I get from the state agency?
So what do with the 1099-MISC I get from the state agency? They obviously report the income to the IRS so wouldn't that spark an audit? I also do not file a tax return because I only have disability income. How do I proceed and notify the IRS why I didn't claim the 1099-MISC income? Thanks!
I have been a foster grandparent for one of my grandchildren and have received payment each month for a little over 6 months. I want to know if I need to report this and if so do I need a statement from the county to tell me how much I have received this past year?
Does turbo tax now charge a fee for online filing?
I have a new email address and I would like you to have it because you always send me messages when my state and federal have been accepted. Here is my new email address faustgerard1951@13. Please reply
Foster care payments are not taxable when from a qualified agency.
Filing free might be an option. There are two possible ways:
1. The IRS has a free file program and you must meet the requirements of the IRS free file program. Here is the link, please click the blue.words.
2. Turbo Tax offers a Free version which is very plain. If you don't need many forms, you may be able to use it. Here is a link to the programs and what they cover.
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