Charitable contribution and students

A charitable contribution to maintain a student in a tax payer 's household can have a tax savings effect. A charitable contribution for maintaining full time students in tax payer 's household under a written agreement with a charity is tax deductible if the following conditions are met.

How can a student qualify for charitable contribution?

• The student must be a full time pupil in an elementary school in the US, or
• The student must be a full time pupil in a junior high in the US, or
• The student must be a full time pupil in a high school in the US, or

and

• The student must not be the tax payer 's dependent or relative, and
• The student must be a member of the tax payer 's household.

How much IRS tax deduction is allowed?

An IRS tax deduction for the charitable giving concerning students allowable is up to $50 per month for each full month of residence. During this time the student must be attending school for the IRS tax law to permit tax deduction. A total of 15 or more days of the month constitutes a full month. There is no IRS tax deduction if a tax payer receives any compensation or reimbursement for maintaining the student.