I have a little sister through the Big Brother Big Sister program. I know that I can deduct money spent on mileage, movie tickets, gifts I buy for her. I wanted her to learn to manage money and decide if she wants to save or buy something and have been paying her an allowance. Can I deduct the amount I paid her? I feel it is similar to me buying her a gift, but wanted to make sure.
No, you cannot deduct money you spent on gifts for individuals. If your sister received money from the Big Sister program that is not deductible for you.