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Qualifying expenses.
Expenses that you may be
able to deduct include
the cost of books,
tuition, food, clothing,
transportation, medical
and dental care,
entertainment, and other
amounts you actually
spend for the well-being
of the student.
Expenses that do not
qualify.
Depreciation on
your home, the fair
market value of lodging,
and similar items are
not considered amounts
spent by you. In
addition, general
household expenses, such
as taxes, insurance,
repairs, etc., do not
qualify for the
deduction.
Reimbursed expenses.
If
you are compensated or
reimbursed for any part
of the costs of having a
student living with you,
you cannot deduct any of
your costs. However, if
you are reimbursed for
only an extraordinary or
a one-time item, such as
a hospital bill or
vacation trip, that you
paid in advance at the
request of the student's
parents or the
sponsoring organization,
you can deduct your
expenses for the student
for which you were not
reimbursed.
Mutual exchange program.
You cannot deduct the
costs of a foreign
student living in your
home under a mutual
exchange program through
which your child will
live with a family in a
foreign country.
Reporting expenses.
For
a list of what you must
file with your return if
you deduct expenses for
a student living with
you, see Reporting
expenses for student
living with you under
How To Report, later.
Out-of-Pocket Expenses
in Giving Services
Although you cannot
deduct the value of your
services given to a
qualified organization,
you may be able to
deduct some amounts you
pay in giving services
to a qualified
organization. The
amounts must be:
· Un-reimbursed,
· Directly connected
with the services,
· Expenses you had only
because of the services
you gave, and
· Not personal, living,
or family expenses.
Table 2 contains
questions and answers
that apply to some
individuals who
volunteer their
services.
Underprivileged youths
selected by charity.
You
can deduct reasonable unreimbursed
out-of-pocket expenses
you pay to allow
underprivileged youths
to attend athletic
events, movies, or
dinners. The youths must
be selected by a
charitable organization
whose goal is to reduce
juvenile delinquency.
Your own similar
expenses in accompanying
the youths are not
deductible.
Conventions.
If you are
a chosen representative
attending a convention
of a qualified
organization, you can
deduct unreimbursed
expenses for travel and
transportation,
including a reasonable
amount for meals and
lodging, while away from
home overnight in
connection with the
convention. However, see
Travel, later.
You cannot deduct
personal expenses for
sightseeing, fishing
parties, theater
tickets, or nightclubs.
You also cannot deduct
travel, meals and
lodging, and other
expenses for your spouse
or children.
You cannot deduct your
expenses in attending a
church convention if you
go only as a member of
your church rather than
as a chosen
representative. You can
deduct unreimbursed
expenses that are
directly connected with
giving services for your
church during the
convention.
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