https://ttlc.intuit.com/community/taxes/discussion/re-exchange-student/01/3460532#M1292532 <P>Only include charitable contributions made in 2024 on this tax return; do not include 2025 expenses. &nbsp; 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:</P><P>&nbsp;</P><UL><LI>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,</LI><LI>Isn't your relative (defined later) or dependent (also defined later), and</LI><LI>Is a full-time student in the 12th or any lower grade at a school in the United States.</LI></UL><P>&nbsp;</P><P><SPAN style="color:transparent;font-size:0px;"><I>.</I></SPAN><I>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.</I> &nbsp; See <A href="https://www.irs.gov/publications/p526#en_US_2023_publink1000229664:~:text=You%20can%20deduct%20up%20to%20%2450%20a%20month%20for%20each%20full%20calendar%20month%20the%20student%20lives%20with%20you.%20Any%20month%20when%20conditions%20(1)%20through%20(3)%20are%20met%20for%2015%20or%20more%20days%20counts%20as%20a%20full%20month." target="_blank">Pub 526</A></P><P>&nbsp;</P><P><A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/enter-2021-charitable-donations-turbotax/L4hj07Piz_US_en_US?uid=m6s803jq" target="_blank">How do I enter my charitable contributions in TurboTax?</A></P> Wed, 05 Feb 2025 18:10:21 GMT DawnC 2025-02-05T18:10:21Z https://ttlc.intuit.com/community/taxes/discussion/exchange-student/01/3460481#M1292531 <P>When I submit the $50 per month for my exchange Student (Aug - Dec 2024 and then again I'll have Jan - May for my 2025 year) do I just submit the total of the months (i.e., $250 for Aug-Dec 2024) as a lump sum deduction and list the company name that she came through (FLAG International)?&nbsp;&nbsp;</P> Wed, 05 Feb 2025 17:56:50 GMT https://ttlc.intuit.com/community/taxes/discussion/exchange-student/01/3460481#M1292531 nboudreaux 2025-02-05T17:56:50Z https://ttlc.intuit.com/community/taxes/discussion/re-exchange-student/01/3460532#M1292532 <P>Only include charitable contributions made in 2024 on this tax return; do not include 2025 expenses. &nbsp; 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:</P><P>&nbsp;</P><UL><LI>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,</LI><LI>Isn't your relative (defined later) or dependent (also defined later), and</LI><LI>Is a full-time student in the 12th or any lower grade at a school in the United States.</LI></UL><P>&nbsp;</P><P><SPAN style="color:transparent;font-size:0px;"><I>.</I></SPAN><I>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.</I> &nbsp; See <A href="https://www.irs.gov/publications/p526#en_US_2023_publink1000229664:~:text=You%20can%20deduct%20up%20to%20%2450%20a%20month%20for%20each%20full%20calendar%20month%20the%20student%20lives%20with%20you.%20Any%20month%20when%20conditions%20(1)%20through%20(3)%20are%20met%20for%2015%20or%20more%20days%20counts%20as%20a%20full%20month." target="_blank">Pub 526</A></P><P>&nbsp;</P><P><A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/enter-2021-charitable-donations-turbotax/L4hj07Piz_US_en_US?uid=m6s803jq" target="_blank">How do I enter my charitable contributions in TurboTax?</A></P> Wed, 05 Feb 2025 18:10:21 GMT https://ttlc.intuit.com/community/taxes/discussion/re-exchange-student/01/3460532#M1292532 DawnC 2025-02-05T18:10:21Z