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The Average Salary for Foster Parenting in Placer County ...
Being a foster parent can be a personally enriching experience. Don't expect to get rich by becoming a foster parent, since the stipends paid to foster parents generally only cover a foster child's living expenses. If you're considering becoming a foster parent in Northern California's Placer County, you should first know what you can expect to be paid for the care of a foster child.
Related topics : how much does a foster parent get paid in california / foster care parents pay / how to become a foster child parent / how do i become a foster parent in california / how much does a foster parent get paid
Is Foster Child Stipend Taxable on Income Taxes ...
Is Foster Child Stipend Taxable on Income Taxes?
March 11, 2011
If you're a foster parent, any stipend you receive normally is excluded from taxable income . Not only is your stipend tax-free, in some cases, fostering children may bring added write-offs.
Taxes on Payments
The IRS says in Bulletin 2014-4 that if you're fostering a child, or children in your home through a state program, your...