Читать книгу J.K. Lasser's 1001 Deductions and Tax Breaks 2022 - Barbara Weltman - Страница 80

Exclusion for foster care payments. If you receive foster care payments to care for a child placed with you by a state or local agency or a tax‐exempt foster care placement agency, you are not taxed on those payments. They are fully excludable; there is no dollar limit.

Qualified payments include payments for the provision of foster care. They also include difficulty‐of‐care payments to account for the additional care required for a child with physical, mental, or emotional handicaps. Payments under a state Medicaid Home and Community‐Based Services Waiver (Medicaid waiver) program are treated as difficulty‐of‐care payments.

However, the exclusion for foster care payments is limited to payments received for 5 qualifying individuals who are over age 18. The exclusion for difficulty‐of‐care payments is limited to payments received for 10 qualifying individuals who are over age 18. There are no limits on the number of children age 18 or under for whom the exclusion may be claimed.

Deduction for out‐of‐pocket costs. See Chapter 6.