Foster care provides a family life for children who cannot reside with their own parents. In some circumstances, foster care serves as temporary solution for families who are experiencing problems, and the children may r... More » Government & Politics Social Services

Qualifying payments for foster care are generally not taxable, according to IRS Publication 525. To be excluded from income, foster care payments have to have been received from a state or local government or a qualified... More » Business & Finance Taxes

As of 2012, most states offer a stipend for foster parents at a starting rate of around $15 to $20 per day. The availability and dollar amount of basic daily subsidies and other compensation for caregivers of foster chil... More » Government & Politics Social Services

Foster parent payments vary state-to-state based on the ages of foster children, the level of care the foster parents provide and the budget set by each state legislature. General care pays less than specialized care, su... More » Family Adoption

Foster care allowance payments vary widely dependent upon the state. In the state of Texas, the foster care allowance for a two-year-old child, a nine-year-old child or a 16-year-old teenager is $652 per month. More » Government & Politics Social Services

A foster family is a family that takes in a child for what is usually a short time to provide care that the parents are unable to provide. Though occasionally a foster child lives with his foster family for years, that s... More »

While states do not pay foster parents an income or salary, they do provide financial support intended for the child's care in the form of subsidies, reimbursements or direct payments. The amount of the payment varies by... More » Government & Politics Social Services