if so, about how much more did you get back?
2007-08-22 13:37:41 · 9 answers · asked by ~broken~ 3 in Business & Finance ➔ Renting & Real Estate
for all the people saying you can't claim your rent on your taxes, yes you can where i am.. and thats indiana.. i was just curious as to about how much more i'd get back for doing so.. and i see that it's about $63 to $100 more.. nothing special..
2007-08-23 01:57:03 · update #1
No, you claim a renters credit but is like $63bucks in a $1k/mo rent so, $63 is $63 buck, it makes a nice dinner... for one. :0)
If you are paying rent may be u want to look into rent to own, now you are talking big deductions!
2007-08-22 13:50:22 · answer #1 · answered by maloumg 3 · 1⤊ 0⤋
In some states, you can get a credit, if your utilities are not covered in the rent. But, I've never heard of being able to claim your total rent.
2007-08-22 20:45:55 · answer #2 · answered by Funny Girl 4 · 0⤊ 1⤋
There is nothing from rent to claim. Your claim from a mortgage is from the interest you paid on the loan or in the case of new loans the origination or prepaid interest. From renting NO.pp
2007-08-22 20:56:06 · answer #3 · answered by ttpawpaw 7 · 0⤊ 1⤋
I believe if you are doing business you can deduct a % of your rent and utilities. Ck with an accountant.
2007-08-22 20:58:18 · answer #4 · answered by Free Thinker 6 · 1⤊ 0⤋
I doubt you can get a tax refund from paying rent. Why the mean face?
2007-08-22 20:46:40 · answer #5 · answered by Anonymous · 0⤊ 1⤋
Sorry, neither rent nor mortgage payments are tax-deductible, unless they are for a business and listed as a business expense.
2007-08-22 20:58:48 · answer #6 · answered by AnOrdinaryGuy 5 · 0⤊ 1⤋
No, rent is not tax deductible.
2007-08-22 20:47:39 · answer #7 · answered by Mike 6 · 0⤊ 1⤋
Not in the USA you don't, at least at the Federal level.
2007-08-22 20:41:35 · answer #8 · answered by Bostonian In MO 7 · 0⤊ 1⤋
umm... no... never... assuming you are in the usa, planet earth.
2007-08-22 20:41:23 · answer #9 · answered by mia 3 · 1⤊ 1⤋