Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   Sending money aborad (https://www.askmehelpdesk.com/showthread.php?t=79544)

  • Apr 5, 2007, 12:13 PM
    scopy
    Sending money aborad
    Hi
    I am not a US citizen, but I am considered resident alien for tax purposes in US and have been filing 1040EZ for the last few years. I am on H-1B visa in US. My question is:
    If I send money to my family abroad, is the money sent considered as gift? Specifically, can I claim this money as gift deductions for my taxes? Lets say, the money remitted abroad is less than US $12,000
  • Apr 6, 2007, 06:26 AM
    scopy
    Can someone answer this question please? Thanks.
  • Apr 16, 2007, 01:36 PM
    AtlantaTaxExpert
    There is NO SUCH THING as a gift deduction on the U.S. income tax return.

    There IS a donation for charitable donations, but that does not include money given to your family.

    BOTTOM LINE: You cannot deduct the money you sent to your family.
  • Apr 16, 2007, 01:53 PM
    storeroom23
    What happens if the money sent abroad was used to donate to a foreign chartiy? Can that be used as part of charitable donations?
  • Apr 17, 2007, 12:47 PM
    AtlantaTaxExpert
    Sorry, then it was NOT donated by you, but by your family.
  • Apr 17, 2007, 01:10 PM
    storeroom23
    Hey ATE!. Thanks for replying patiently...
  • Apr 24, 2007, 09:26 AM
    AtlantaTaxExpert
    Glad to help!

  • All times are GMT -7. The time now is 05:00 AM.