2007-02-02 00:37:04 · 4 answers · asked by SUZANNE G 1 in Business & Finance ➔ Renting & Real Estate
No. Not a better time than the present to buy a home though! Lots of homes for sale and at good prices. Contact a bank and have them pre-qualify you. You might be very surprised at what you qualify for. Then you will get the interest and property tax write-off each year. Quit giving your hardearned money to a landlord!!!
2007-02-02 03:02:54 · answer #1 · answered by Paul V 6 · 0⤊ 0⤋
unfortunately not. All sunk costs on housing should be tax deductable, but for some reason rent is not. If you were paying a mortgage (which you are, but for someone else) then you could get a tax deduction. But, as long as you're renting, there's no tax benefits. Unless you're using your place as a place of business, then it's possible.
2007-02-02 08:41:57 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes: If you use any area of your home to earn money from. Like say you have a job contracting as a senior buisiness analyst and you work from your home computer full or part time.
2007-02-02 08:50:36 · answer #3 · answered by acesfourpal 4 · 0⤊ 0⤋
No, unless you use your dwelling for business that generates income.
2007-02-02 08:39:15 · answer #4 · answered by spot 5 · 0⤊ 0⤋