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Foster Parent Tax Information |
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These links provide the best foster parent tax information available on the web. You might want to search the web using Google, or other search sites, for "foster family tax"
Federal Taxes - Foster Care Internal Revenue Service
Publication 525: Taxable and Nontaxable Income ( PDF) (go to page 29 for foster care topics) TurboTax
FAQ on Foster Family Taxes - excellent overview of how being a foster family affects your taxes, or not!
Federal Taxes - Adoption Internal Revenue Service
Publication 968: Tax Benefits for Adoption ( PDF) North American Council on Adoptable Children
Adoption Tax Credit Information ( PDF)
Colorado State Taxes Colorado Department of Revenue
Colorado Foster Care Tax Credit (unfortunately credit is not available until after 2010, thanks to Ref C)
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