Question

I have a question about deducting rent payments on my tax return. Are there any circumstances where you can deduct rent payment on your taxes?

Answer

 

No, there are no circumstances where you can deduct rent payments on your tax return.

Rent is the amount of money you pay for the use of property that is not your own. Deducting rent on taxes is not permitted by the IRS.

However, if you use the property for your trade or business, you may be able to deduct a portion of the rent from your taxes. The amount you can deduct is based the how many square feet of the property is used for your business. However, you must meet the requirements of business use of your home. To learn more visit Deducting Business Expenses at https://www.irs.gov/publications/p535/ch01.html#en_US_2015_publink1000208624.

 

Related Topics

Related Resources

Common Tax Questions Roundup

Here are the top tax questions our professionals got this year – with answers for you! How can you use this? Read on to get answers from H&R Block.

IRS May Start to Tax Your Account in the Caymans

Have you ever thought about investing in a Cayman Islands tax haven? Before opening an account, or making adjustments to an already existing account, review these tax tips.

I have unreimbursed expenses from work that I would like to claim on my tax return. Is there an unreimbursed employee expenses form that I need to use?

Do you have unreimbursed expenses to include on your tax return? Learn how to claim unreimbursed employee expenses with IRS Form 2106.

Tax Calculator Comparison Feature Launch

Due to the recent TCJA changes, we have re-released our trusted Tax Calculator. With a side-by-side comparison, you can now plan for this year's tax filing.