How do I deduct the tax credit for hosting an exchange student

lisajohnston83 · ‎January 3, 2025

Bsch4477 · ‎January 24, 2024

How do I get the tax credit for hosting a foreign exchange student?

I was told there is a tax credit or deduction for hosting, but I am not seeing how/where to do this.

posted

Expenses Paid for Student Living With You

You may be able to deduct some expenses of having a student live with you. You can deduct qualifying expenses for a foreign or American student who:

Lives in your home under a written agreement between you and a qualified organization (defined later) as part of a program of the organization to provide educational opportunities for the student,
Isn't your relative (defined later) or dependent (also defined later), and
Is a full-time student in the twelfth or any lower grade at a school in the United States.

You can deduct up to $50 a month for each full calendar month the student lives with you. Any month when conditions (1) through (3) are met for 15 or more days counts as a full month.

Hal_Al · ‎January 4, 2025

Q. Where can I report my deduction?

A. The deduction is an itemized deduction reported as a charitable contribution.

Federal Section
Deductions
Itemized Deductions
Gifts to Charity
- Non-Cash Donations (more than $500) if claiming more than $500
- Non-Cash Gifts to Charity (if claiming less than $500)

Reference: https://support.taxslayer.com/hc/en-us/articles/360057546912-What-expenses-can-I-claim-for-my-Foreig...

If you are paid by the “qualified organization” to host the student, then the income and deductions are reported differently.

Expert does your taxes

Do it yourself

Resources

Support

How do I deduct the tax credit for hosting an exchange student