Married filing jointly. Can I claim both the property tax deduction and the renters deduction on my Indiana tax return. I'm living at our house and my husband is living at an assisted living community because he has Alzheimers.
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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:
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:
Indiana Department of Revenue - Deductions
Well, Turbo Tax allowed me to enter both the rental at the assisted living and the property tax. I guess that will be the way I file. Thank you.
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