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Iowa Ends Orphan Tax for Foster Kids | Des Moines News
Iowa just ended the “orphan tax” — a practice that funneled survivor benefits directly into foster care costs — now saving that money for kids in care. This makes Iowa the 31st state to do so, shifting funds into investment accounts to help children build secure futures. For the first year, money stays in escrow, allowing easy transfer if the child reunites with family, is adopted, or placed with a guardian. After 12 months, funds move into education or other savings accounts, giving kids a financial safety net to thrive after leaving foster care. Listen in comfort:Get a discount on a Soli…
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