How do I get the tax credit for hosting a foreign exchange student?

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.

 

 

You may be entitled to charitable contribution deduction if you qualify under the guidelines, as mentioned by @xmasbaby0 , but it is not a credit. There is a limit of $50 per month that you can deduct, and you need to be able to benefit from itemizing your deductions in order for the deduction to benefit you.

 

You would enter the expenses in the Deductions and Credits section of TurboTax, under Charitable Contributions.