topic Assisting child with their housing in Deductions & credits

Assisting child with their housing

morgensa — Thu, 06 Jun 2019 13:47:17 GMT

Hi, I send monthly checks to my child's landlord to help wit their housing costs. They file their own taxes and are not my dependent. Can I enter this contribution on my 1040?

Sorry no.

Critter — Thu, 06 Jun 2019 13:47:19 GMT

Sorry no.

Money you are giving your child to help with rent is a gi...

xmasbaby0 — Thu, 06 Jun 2019 13:47:21 GMT

Money you are giving your child to help with rent is a gift to your child. Gifts to individuals are not deductible, nor are they taxable to the person who receives the gift.