Is monthly rent tax deductible?

Answer On One Hand: Not from Federal TaxesMonthly rent paid for your primary residence is not deductible from your federal taxable income. When you purchase a home, however, the interest paid on your mont... Read More »

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Is a monthly parking fee tax deductible?

Monthly and other parking fees may be deducted from your federal taxes if they were incurred while on business. Parking fees are deductible regardless of whether you use the standard mileage rate o... Read More »

Are medicare monthly premiums tax deductible?

Those who pay Medicare health insurance premiums and itemize their tax deductions are allowed to take the monthly payment as a deductible expense. Deductions are calculated on Schedule A that is tu... Read More »

Are TRICARE Reserve select monthly premiums tax-deductible?

While in general health premiums may prove to be tax-deductible if they comprise more than 7.5 percent of adjusted gross income, Tricare (including TRICARE Reserve select) monthly premiums are dedu... Read More »

Is rent tax deductible in Australia?

Paying rent in Australia does not allow you to use the rent amount as a tax deduction. Receiving rent, however, allows you to deduct rental property expenses, such as insurance, land tax and proper... Read More »