INDIANA Renter's
Deduction
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.
How much rent can I
take off? You can deduct up to $3,000 or the amount of rent paid,
whichever is less.
For more information
about this deduction, view Information Bulletin #38.
