qualified foster care payment
Defined in 1 place of the United States Code.
The term “qualified foster care payment” means any amount—
(A) which is paid by a State or political subdivision thereof or by a placement agency which is described in section 501(c)(3) and exempt from tax under section 501(a), and
(B) which is—
(i) paid to the foster care provider for caring for a qualified foster individual in the foster care provider's home, or
(ii) a difficulty of care payment.
Source
- 1994–200226 U.S.C. § 131Internal Revenue Code · Certain foster care payments · for purposes of this section
The term “qualified foster care payment” means any payment made pursuant to a foster care program of a State or political subdivision thereof—
(A) which is paid by—
(i) a State or political subdivision thereof, or
(ii) a qualified foster care placement agency, and
(B) which is—
(i) paid to the foster care provider for caring for a qualified foster individual in the foster care provider's home, or
(ii) a difficulty of care payment.
Source
- 2002–present26 U.S.C. § 131Internal Revenue Code · Certain foster care payments · for purposes of this section