- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Maybe. Enter your property tax information in the federal section, and any renter deduction is applied when you prepare the state return. The assisted living community has to be subject to Indiana property tax in order for the rent to qualify.
You may be able to deduct up to $3,000 ($1,500 if married filing separately) 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.
Indiana Department of Revenue - Deductions
**Mark the post that answers your question by clicking on "Mark as Best Answer"