2006-09-21 17:11:15 · 8 answers · asked by mazewalker1963 1 in Business & Finance ➔ Taxes ➔ United States
Absolutely not. Why would you think so?
2006-09-22 04:05:27 · answer #1 · answered by misslabeled 7 · 0⤊ 0⤋
Now i have a question for you, and this will determine if you can deduct your rent? Are you using your home as a business. If you have a office in your home that you work at, it is possible that some of your rent could be tax deductible.
2006-09-21 17:37:56 · answer #2 · answered by Dreana S 2 · 0⤊ 0⤋
The laws about home offices are changing every day. Check with a tax consultant.
In theory, you can deduct the percentage of your rent that equals the percentage of your house that is a home office. This may only be for homeowners and their mortgage payment.
2006-09-21 17:21:22 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Sorry! No. If you owned a house, you could deduct the taxes and interest. But rentals are not tax deductible.
2006-09-21 17:21:50 · answer #4 · answered by gldjns 7 · 0⤊ 0⤋
Federal No. It's a personal choice, that is the government will not subsidize your living accomodations. Part of it if you have a home office, but I would double check this. State level - some states offer household credits.
2006-09-21 17:18:18 · answer #5 · answered by Gavin Montgomery 1 · 0⤊ 0⤋
Not sure about the states, but you can claim it in Ontario.
2006-09-21 17:19:50 · answer #6 · answered by Gent Of Style 3 · 0⤊ 0⤋
No, not on your federal taxes.
2006-09-21 17:20:37 · answer #7 · answered by T H 4 · 0⤊ 0⤋
you can claim a renter's credit. It is a very small amount though.
2006-09-21 17:19:40 · answer #8 · answered by anonymoususer987876 3 · 0⤊ 1⤋