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

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AnswerBot

5mo ago

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Can I claim rent on my taxes as a deduction?

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


Can you claim your rent payments on your taxes in Arizona?

Rent for your apartment or the home you rent to live in is seldom a deduction. There may be a deduction associated with taxes, but not normally. If you run a business out of your home, you may be able to deduct some of the cost of a home office. Rent for business locations is normally deductible as a business cost.


When can a decedents estate claim a charitable deduction?

They claim it on the estate taxes as a deduction. It has to be to an approved charity.


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.


Can you claim real estate taxes on your taxes?

Yes, you can claim real estate taxes on your taxes as a deduction if you itemize your deductions on your 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.


How do you claim this deduction on your taxes?

THIS DEDUCTION ON YOUR TAXES will have to entered on the correct form or line of your 1040 federal income tax return before your income tax return can be completed correctly.


What is the maximum amount of the 2018 student loan interest deduction that can be claimed on my taxes?

The maximum amount of student loan interest deduction you can claim on your taxes for the year 2018 is 2,500.


Can you claim child care expenses on your taxes?

Yes, you can claim child care expenses on your taxes as a deduction if you meet certain criteria and requirements set by the IRS.


Can you claim therapy expenses on your taxes?

Yes, you can claim therapy expenses on your taxes as a medical expense deduction if they are considered necessary for the treatment of a diagnosed medical condition.


Can you claim sales tax on your taxes?

Yes, you can claim state and local sales taxes on your return. But in order to do so you must itemize deductions and you must not claim state and local income taxes. You're allowed to claim either state and local income taxes or state and local sales taxes, but not both.If you do claim the sales tax deduction, you can either claim the amount you actually paid (based on receipts) or the amount given to you by the IRS's Sales Tax Deduction Calculator.For a more detailed explanation of the state and local sales tax deduction, please see Deducting State Sales Tax.


What can you write off your taxes for an investment property?

I assume you mean property taxes. Yes, you can claim an itemized deduction on Schedule A.