Granted, said family members do not live with me. If such money couldn't be claimed as a deduction for supporting family, can it be claimed as a deduction for charity?
2007-02-23 07:10:28 · 9 answers · asked by Wee Bit Naughty 3 in Business & Finance ➔ Taxes ➔ United States
No, you can't deduct these amounts.
There is no deduction for supporting family unless the individuals can be claimed as dependents, then you would get an exemption for them, not a deduction of amounts paid.
Charitable deductions are not allowed for money or other items given to individuals, only to registered charitable organizations.
2007-02-24 14:41:21 · answer #1 · answered by Judy 7 · 1⤊ 0⤋
Nope on both counts. Charitable contributions are only deductible if the organization is registered with the IRS as a Section 501c(3) organization. Also, cash contributions must be backed up by receipts issued by the organization.
2007-02-23 08:53:00 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No. Charity deductions are only for money given to registered charities, not individuals.
2007-02-23 07:15:58 · answer #3 · answered by Anonymous · 1⤊ 0⤋
No. INorder for it to be a charitible deduction the person you would be giving the money to would have to be officially recognized as a charitable organization. what you are doing is just giving someone a gift. no deduction for you.
2007-02-23 07:13:21 · answer #4 · answered by Louis G 6 · 1⤊ 0⤋
the place is your region? attempt to seem of a few Philippine Banks here interior the u . s . a . like PNB & BPI for a decrease remittance fee. you pays it via your credit/debit card or income funds and deliver to Phillipines the two in peso or greenback. in case you won't be in a position to discover it close on your place, basically seem for any keep that have Western Union funds Remittance centers. i be attentive to an excellent sort of the groceries had it however the remittance value will fee your greater. and likewise, some US banks have aremittance centers via twine flow.
2016-10-01 21:07:11 · answer #5 · answered by balok 4 · 0⤊ 0⤋
No, according to IRS regulations, what you sent was a gift and therefore not deductible.
2007-02-23 07:56:13 · answer #6 · answered by Enchanted 7 · 1⤊ 0⤋
If your family is supported over 50% by your contributions. And they are your direct relatives - spouse, children, grandchildren....
you can apply for an ITIN number for each of them and possibly be your dependent.
Check with a tax professional who understands this topic.
good luck & blessing
2007-02-23 07:43:45 · answer #7 · answered by Wood Smoke ~ Free2Bme! 6 · 0⤊ 3⤋
No and No.
2007-02-23 07:40:13 · answer #8 · answered by Bostonian In MO 7 · 1⤊ 0⤋
NO
2007-02-23 07:14:05 · answer #9 · answered by wizjp 7 · 1⤊ 0⤋