3 ms·
It’s pretty sinister that home owners can get a tax deduction but renters cannot deduct rent.
by janalsncm 3y ago
It’s pretty sinister that home owners can get a tax deduction but renters cannot deduct rent.
- ejb999 3y agosome states (like Mass) do allow a renters deduction on your state taxes
- harambae 3y agoThe total renters deduction in Massachusetts cannot exceed $4k, quite low compared to some of the tax advantages of a home.
- alistairSH 3y agoIn a functioning/competitive market, wouldn't that tax break get passed along to the tenant through lower monthly rents? IE, the problem isn't the tax break, it's the constraint on housing supply.