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Do I have to report the money I received for doing foster care under the misc. non-taxable income?
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No. Payments received by a state agency are counted as the child's total support but are not counted as support provided by the foster parent or the child. Two other important things to note: (1) Payments received from state or local governments are generally not included in the taxpayer's income.
IS FOSTER INCOME TAXABLE?
You do not have to report foster payments you received for providing foster care in your home as taxable income. Foster payments are NOT considered taxable income. (Foster payments are considered reimbursement)
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