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Can I get tax credit for money donated to an inmate?
I live in Connecticut and I have a friend in a correctional institution in California. I often send him money to purchase toiletries, etc. Is there a credit available for this? If so, how do I go about claiming it? Thanks!
Wow! Thanks for the info. Obviously, I am clueless when it comes to these things.
5 Answers
- ?Lv 79 years agoFavorite Answer
It's called a "gift". No credit available.
Ironically, if you gave this person gifts totalling more than $13,000, you would owe tax on the gifts, too.
- 9 years ago
Of course not! You don't get a "credit" for giving money to your baby sister or buying her a Christmas present, do you? Then why would you get one for giving something to a convicted felon??
As long as your gifts total less than $13,000 per year there are no tax consequences. If they are more than $13k, YOU must file a Gift Tax return and could even wind up paying gift taxes on your gifts.
- troLv 79 years ago
no
donations are never deductible to a person only a qualified non profit organization recognized by IRS
and then only if you can itemize by using Sch A which would exceed your standard deduction
- Wayne CLv 49 years ago
That is not a deductable donation. A deductable donation is one going to a non profit organization.
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