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Get your taxes done using TurboTax
If you do not qualify to claim them as your dependents, there are no other tax benefits including deductions or credits you can claim on your tax return, unfortunately. IRS does not allow you to treat it as a charitable contribution for the deduction. I am attaching a link to a post that might be helpful for you to understand. Click here: Support to overseas
Technically, your cash support is considered a gift. For the year 2019, you as the donor who gave the gift, do not report any gift taxes unless it exceeds $15,000 per person. If it is more than $15,000 per person, you are required to file a Form 709 to report to the IRS. You would not be paying any taxes. It is only for reporting purposes. Per IRS, the estate and gift tax exemption is $11.4 million per individual in 2019, up from $11.18 million in 2018. That means an individual can leave $11.4 million to heirs and pay no federal estate or gift tax, while a married couple will be able to shield $22.8 million. As TurboTax does not support Form 709, you can download it from the IRS website and fill it out per the Form 709 instructions.
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