Can I claim a charitable contribution for paying for a grandchild's tuition

Forum|Forum|1 year ago
December 13, 2024
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Can I claim a charitable contribution for paying for a grandchild's tuition, where the money is paid directly to the school, and they apply it to tuition. Does it make a difference if it is an elementary school, high school, or college?

xmasbaby0

Employee

No. Gifts to family members are not deductible as charitable donations. Only donations to recognized charities are deductible.

Gifts given to family members, friends or other individuals are not deductible. Gifts received are not taxable to the person who received the gift, and are not entered on a tax return.

If your gift exceeds the yearly limit ($17,000 per individual) imposed by the gift tax rules, then you will need to complete a Form 709 gift tax form and send it to the IRS, although it is very unlikely that you will owe any tax. In 2024 that yearly limit will increase to $18,000.

TurboTax does not support Form 709. It is not an income tax form and would not be included as part of an income tax return.

Here is a link to the form:

https://www.irs.gov/pub/irs-pdf/f709.pdf

https://turbotax.intuit.com/tax-tips/estates/the-gift-tax-made-simple/L5tGWVC8N

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**