Is foster care income taxable? Approaching tax season as a foster parent will likely raise this question and many others about the impact on your income taxes.
Disclaimer: I am not an accountant and I am not providing tax advice. Tax laws change periodically. The information provided here is based on my research and should be used for reference only. You should consult with a tax professional for advice pertaining specifically to your situation.
In today’s article I’ll cover three common tax questions related to foster care.