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.
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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.
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