I am a full time college student renting an apartment off campus in Indiana, and am claimed as a dependent by my parents. Can I deduct the rent from my Indiana state taxes?

[ChelsiE2 · Accepted solution]

Yes.  Here's what Indiana says: 

You may be able to deduct up to $3,000 of the rent paid on your Indiana home.

You may be able to take this deduction if:

• You paid rent on your principal place of residence, and
• The place you rented was subject to Indiana property tax.

Your "principal place of residence" is the place where you have your true, fixed, permanent home and where you intend to return after being absent.

Rent paid for summer homes or vacation homes is not deductible.

You cannot claim the renter's deduction if the rental property was exempt from Indiana property tax. Examples of this type of property are:

• Government owned housing;
• Property owned by a nonprofit organization;
• Student housing;
• Property owned by a cooperative association; and
• Property located outside of Indiana.