2007-02-03 07:04:29 · 7 answers · asked by jdavis3912 1 in Business & Finance ➔ Taxes ➔ United States
Absolutely NO!
2007-02-03 07:06:26 · answer #1 · answered by KillerKat 3 · 1⤊ 1⤋
I live in indiana. And you can claim a renters deduction on state taxes. On Form IT-40 schedule 1 & 2
2007-02-03 17:06:08 · answer #2 · answered by tonya30k 1 · 1⤊ 0⤋
No, not on your Federal taxes. Some states might allow a deduction or credit for renters in lieu of the deduction that they would have for property taxes if they had been home owners.
This is usually just a political ploy to make it look like the state is giving renters a break; what they give away to one person they'll make up elsewhere.
2007-02-03 15:11:07 · answer #3 · answered by Bostonian In MO 7 · 1⤊ 1⤋
No.
If you have an office-in-home (lots of qualifers to be able to do this), then you can deduct the business percentage of the rent.
But rent just for a living space - no.
2007-02-03 15:07:29 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Not for your living place,
only if it you are running a business then , like store rent is part of the business expense list.
2007-02-03 15:09:09 · answer #5 · answered by kate 7 · 0⤊ 0⤋
No. Rent is a personal expense. Sorry.
2007-02-03 15:07:24 · answer #6 · answered by Anonymous · 1⤊ 1⤋
NO !!!
2007-02-03 15:24:15 · answer #7 · answered by jamesanderson22 5 · 1⤊ 1⤋