Deductions & credits

It will not have much--if any-- effect on your refund or tax due.

 

ttlc.intuit.com/questions/1901071-can-i-take-a-deduction-for-housing-an-exchange-student

 

 

From the IRS

https://www.irs.gov/publications/p526#en_US_2012_publink1000229664

 

 

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:

  1. 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,
  2. Isn't your relative (defined later) or dependent (also defined later), and
  3. 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.

 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**