- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
You get an income exemption from tax equal to the lesser of the housing allowance, the actual cost of maintaining the house or the fair market rental value of the house. So, additional expenses you incurred above the housing allowance would not allow you any additional deductions.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 15, 2025
11:29 AM