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Can students claim rent

Anonymous

∙ 15y ago

Updated: 11/9/2022

NO. Rent or living expenses for a student would NOT be deductible on the federal 1040 income tax return.

Wiki User

∙ 15y ago

What else can I help you with?

What can one get from the website Rent Back?

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 your property and claim esa?

can you rent a house and claim esa

Can I claim my rent on my taxes as a deduction?

Yes, you cannot claim rent as a deduction on your taxes.

Can I claim rent on my taxes as a deduction?

Yes, you cannot claim rent as a deduction on your taxes.

Can you claim HRA if you get rent reimbursement from company?

No you cannot. You need to be paying your house rent from your pocket if you want to claim HRA tax benefits

Can I claim rent as a tax deduction on my income tax return?

Yes, you generally cannot claim rent as a tax deduction on your income tax return.

How much rent can I claim on my taxes?

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.

Can you claim your rent payments on your taxes?

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.

Can someone claim loss rent for a property that was sold?

Yes, if the rent arrearage was incurred before the sale.

In the state of new york can you claim rent paid on your income tax return?

no, unless it is for business related rent

Do you claim rent on income taxes?

Residential rent is not deductible. You can deduct any rent used for business purposes such as office rental, equipment rental, vehicle rental, etc.

Can you loan textbooks to students and not have them buy the textbooks?

Sure, you can rent textbooks.

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