Question about money given to parents, can it be deducted?

[sarquieta]

I'm giving 600 dollars to my parents each month for rent/car/phone bills.  Is there any way I can get money back from any of those through my income tax?

[DoninGA · Accepted solution]

The amounts given would be gifts.  Gifts given to an individual are not reported on or deductible on a tax return.  If the gifts given to a single individual in the year are over $14,000 then a gift tax return, Form 709, has to be filed.

Gifts received from an individual are not reported on a tax return, regardless of the amount received.