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Level 1
Mar 13, 2021 8:50 PM UTC
Solved

Multiple Homes

I own a home in Washington DC and rent a home in San Antonio, TX, where I work full-time. Are my rental expenses deductible on my federal return?

    xmasbaby0Answer
    Level 15
    Mar 13, 2021 9:21 PM UTC

    No.

     

    RENT

    There is not a rent deduction or credit on your Federal return.  If your state has anything for renters you will be prompted to enter your rent info when you complete your state return.  As far as I know, the states that have anything for rent are Arizona, California, Connecticut, Hawaii, Indiana, Iowa, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New York, Rhode Island, Vermont, Washington DC, and Wisconsin.

     

     

    https://www.rent.com/blog/states-with-a-renters-tax-credit/

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

    2 replies

    Alumni - Intuit
    Mar 13, 2021 9:20 PM UTC

    No, the cost to rent a personal residence is not deductible. It doesn't make any difference if you own a home elsewhere, either in the same state or another state.

     

    The IRS won't let you deduct rent for your personal residence. 

     

    A handful of states have some type of renter's tax credit for a personal residence or apartment. Texas does not have a renter's tax credit (or a state income tax).

     

    xmasbaby0Level 15Answer
    Level 15
    Mar 13, 2021 9:21 PM UTC

    No.

     

    RENT

    There is not a rent deduction or credit on your Federal return.  If your state has anything for renters you will be prompted to enter your rent info when you complete your state return.  As far as I know, the states that have anything for rent are Arizona, California, Connecticut, Hawaii, Indiana, Iowa, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New York, Rhode Island, Vermont, Washington DC, and Wisconsin.

     

     

    https://www.rent.com/blog/states-with-a-renters-tax-credit/

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**