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Monthly check for foster child is taxable income?

My foster daughter received a monthly check ($896/month) along the whole 2016. Is this income taxable and required to be reported in my tax return?
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Accepted Solutions
MargaretL
Expert Alumni

Monthly check for foster child is taxable income?

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. 

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7 Replies
MargaretL
Expert Alumni

Monthly check for foster child is taxable income?

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. 

Monthly check for foster child is taxable income?

So what do with the 1099-MISC I get from the state agency?

Monthly check for foster child is taxable income?

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!

Monthly check for foster child is taxable income?

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?

 

Monthly check for foster child is taxable income?

Does turbo tax now charge a fee for online filing?

Monthly check for foster child is taxable income?

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

AmyC
Expert Alumni

Monthly check for foster child is taxable income?

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.

 

 

@Sidney1213

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