Is the income received from the foster care system taxable?


Foster children can be claimed as dependents whenever you complete your taxes. The income received from the foster system is not taxable though. You should receive tax information at the beginning of each year from the foster system in your county.
Q&A Related to "Is the income received from the foster care..."
1. Examine your records. List how much you paid for each employee's health-care plan. 2. List how much each employee contributed to his own health care. 3. Add your contribution and
bottom line.if you're not paying for him you can't claim. claiming him could result in charges of tax evasion.
Hi Jan- First, let me commend you for taking on such a huge responsibility. You have impacted your grandson's life in such a wonderful way - providing him a safe, stable and LOVING
Speak with a lawyer that specializes in this area.
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