2007-01-30 05:27:18 · 4 answers · asked by cslynn1980 3 in Business & Finance ➔ Taxes ➔ United States
Not on your federal tax return unless you use your place for a home office or home business. On California, there is a renter's credit, but you have to be very low income and the credit isn't all that much anyway.
2007-01-30 05:32:09 · answer #1 · answered by TaxMan 5 · 3⤊ 0⤋
In California I was once able to claim the renter's credit but it is not what you spend on rent, but a way way low amount of credit. I believe the year I did it my rent was 1000 a month but the credit was only 100 dollars total deduction for the entire year.
If you're self employed or have a home business, you can deduct your office space off rent but only the space used for business.
2007-01-30 05:38:20 · answer #2 · answered by Emma S 2 · 1⤊ 0⤋
No, not as a deduction, unless you are claiming a home office deduction for business use of your home. California does provide for a renter's credit though, which is a dollar for dollar reduction to your tax liability.
2007-01-30 05:32:41 · answer #3 · answered by jseah114 6 · 2⤊ 0⤋
Unfortunately, no. what you can do, though, is get a renters credit which results in an additional 40 75 dollar refund
2007-02-01 06:22:01 · answer #4 · answered by hemenace 1 · 0⤊ 0⤋