Can You Write Off Rent On Taxes?
Key takeaways
Table of contents
Find the square footage of your home workspace
Divide the square feet you use for your home workspace by the total number of square feet in your home to get a percentage.Find the deductible portion of your rent
Multiply that number by the amount of your monthly rent to get the dollar amount you can write off from your taxes.Find your annual rent tax deduction
Multiply that dollar amount by 12 months to get your total annual tax deduction for rent.Expert tax CPAs ensure 100%-accurate tax filing
A.I. finds every tax deduction, eliminating 95% of your work
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