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January 29, 2025
Question

Does foster care payment count as income

  • January 29, 2025
  • 1 reply
  • 0 views
If I receive monthly payment for a foster child do I report that as income on both returns

    1 reply

    KrisD15
    January 29, 2025

    No, Foster Care Payments are normally not taxable and not reported. 

     

    If there was certain other services provided, you would get Form 1099 to report those payments received, but if it was only for the care of the child and no Form 1099 or W-2 was received for supplying that care, you do not report it on anyone's return.

     

    Here is a link from the IRS 

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