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-   -   Rent: Can it be deducted on my tax (https://www.askmehelpdesk.com/showthread.php?t=211527)

  • May 1, 2008, 11:56 AM
    thoughtiwastheman
    Rent: Can it be deducted on my tax
    Is rent tax deductible? I'm currently paying rent on one of my parents two and a half family units and thought maybe I should start paying by check so I can have proof when I file my taxes. Thanks everyone.
  • May 1, 2008, 12:06 PM
    ebaines
    No - rent is not deductible, at least not from your federal taxes. Some states provide a tax credit on their income tax for renters, but it depends where you live.
  • May 1, 2008, 12:12 PM
    thoughtiwastheman
    I live in Boston, MA. How do I check if my state provides a tax credit for renters?
  • May 1, 2008, 12:37 PM
    ebaines
    For MA you get to deduct half of your rent paid, up to a max of $3K. Look at the instruction for line 14 of the MA income tax form 1:

    http://www.mass.gov/Ador/docs/dor/Fo...fs/1_instr.pdf

    The deduction must be for rent you paid to a landlord
    for the rental or lease of your principal residence
    in Massachusetts.
    If two or more persons jointly rent a unit, each occupant
    using it as his/her principal residence is entitled
    to a deduction based on the amount of rent
    that each person paid.
    If the rent is paid by a third party (such as a parent)
    who maintains a principal residence elsewhere, no
    50% rental deduction is allowed for either party.
    A principal residence does not include any residence
    for vacation, an apartment for a person on
    a temporary assignment or a student or faculty
    member who has a principal residence elsewhere.
    It also does not include any apartment or house
    in Massachusetts of a nonresident who has a
    legal residence in another state or country.
    Payment for occupying a hotel, motel or rooming
    house is not considered rent unless a rental agreement
    exists. All separately stated charges such as
    utilities, furnishings or parking cannot be included
    in rent for purposes of this deduction. Also, rent
    does not include any advance payments (such as
    security deposit, last month's rent, etc.) until actually
    applied as rent.


    You should save your lease agreement and either pay bycheck or ask your parents (the landlords) for receipts so you can document the rent payment.
  • May 9, 2008, 11:18 AM
    thoughtiwastheman
    Thank you for the advise

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