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You may be able to claim a portion of the expenses. Per IRS Pub 526, Charitable Contributions, you may deduct up to $50 per month for each full calendar month the student lives with you as a charitable contribution if you itemize deductions (Schedule A). To qualify for a deduction, the student must:
Please see the FAQ below and Reporting expenses for a student living with you in IRS Pub 526 for more information.
You may be able to claim a portion of the expenses. Per IRS Pub 526, Charitable Contributions, you may deduct up to $50 per month for each full calendar month the student lives with you as a charitable contribution if you itemize deductions (Schedule A). To qualify for a deduction, the student must:
Please see the FAQ below and Reporting expenses for a student living with you in IRS Pub 526 for more information.
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