Is The Amount I Pay For Rent Deductible ?
No. Rent payments are not deductible for Federal purposes. Some states allow a deduction or credit for rent paid. Speak to your local CPA for a possible deduction or credit on your state tax return.
Note If you need professional help with "Rental Expenses" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.