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I suppose the "room" portion could, but rent is not a deductible item for federal income tax purposes. Depending on your state of residence, there may be a rent credit of some type on your state income taxes.
The portion of your payment that represents "board" is not deductible for federal or state purposes, as meals are considered a personal expense.
Best of luck to you as you continue your journey.
I suppose the "room" portion could, but rent is not a deductible item for federal income tax purposes. Depending on your state of residence, there may be a rent credit of some type on your state income taxes.
The portion of your payment that represents "board" is not deductible for federal or state purposes, as meals are considered a personal expense.
Best of luck to you as you continue your journey.
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