NO. Rent or living expenses for a student would NOT be deductible on the federal 1040 income tax return.
This website allows students to rent their textbooks out to other students instead of selling them. They claim that you could make from two to four times as much money.
can you rent a house and claim esa
Yes, you cannot claim rent as a deduction on your taxes.
Yes, you cannot claim rent as a deduction on your taxes.
No you cannot. You need to be paying your house rent from your pocket if you want to claim HRA tax benefits
Yes, you generally cannot claim rent as a tax deduction on your income tax return.
You can claim a portion of your rent on your taxes if you use part of your home for business purposes, such as a home office. The amount you can claim is based on the percentage of your home that is used for business.
Presuming you mean in a personal, not business situation usually no personal costs (food, housing, utils., movies, car/transportation, etc) are deductible. However, if a home is used as a business for all or some of the year, you can claim some of these expenses as BUSINESS USE OF A HOME. ALSO, you can claim rent if you earn UNDER 18,000 dollars a year; mostly college students who make little money while going to school and paying rent, as well as senior citizens on social services and security.
Yes, if the rent arrearage was incurred before the sale.
no, unless it is for business related rent
Residential rent is not deductible. You can deduct any rent used for business purposes such as office rental, equipment rental, vehicle rental, etc.
Sure, you can rent textbooks.