What kind of financial compensation will I receive for providing a home to a foster child?
Foster parents receive a monthly stipend that will help to cover some of the costs of foster parenting. The stipend amount is determined based upon the level of care provided for each child: Level I – $27 per day; Level II – $37.50 per day; Level III – $46 per day; Level IV – negotiated rate per day. Note: This reimbursement is not considered taxable income.
