Do I get a tax break for renting an apartment?
Q: Do I get a tax break for renting an apartment? Jen, Somerville
The following answer was provided by Barbara Damon, CPA, Edelstein & Company LLP.
A: There is no rental deduction on the federal return. Massachusetts does have a rental deduction on Form 1 of half the rent with a maximum deduction of $3000.
Q: Do I get a tax break for renting an apartment? Jen, Somerville
The following answer was provided by Barbara Damon, CPA, Edelstein & Company LLP.
A: There is no rental deduction on the federal return. Massachusetts does have a rental deduction on Form 1 of half the rent with a maximum deduction of $3000.
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