Foster Children & Your Taxes


If you have been spreading the love and caring for foster children in your home over the past year, find out in today’s episode how foster children can affect your tax return. In this episode not only will I be discussing the tax effect of foster care payments, but I will also cover how some foster children can qualify for the child tax credit.

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Links & Resources

o Publication 17: Your Federal Income Tax

o Publication 525: Taxable & Non Taxable Income

o Publication 972: Child Tax Credit