4 ms·
Providing accommodations with employment seems like a slippery slope. You are a little mistaken about "no tax benefits to people who rent apartments anywhere in
by bobf 13y ago
Providing accommodations with employment seems like a slippery slope. You are a little mistaken about "no tax benefits to people who rent apartments anywhere in the US" though. There are some states that allow state tax deductions or credits for rent - Massachusetts is one of them. That only reduces your state tax liabilities though, not federal.
(And for what it is worth, California actually does have a renter's credit. Unfortunately, to qualify your adjusted gross income must be less than $35,659 as a single filer, or $71,318 for a married couple filing jointly.)
- 31reasons 13y agoSo yes Tax benefits for most engineers are pretty much off the table. I am more interested in seeing Accommodation as part of the Job Benefits. I am willing to take 10-20% less salary than other employees if I am provided accommodation by the Company. It could become a win-win situation if companies can write off accommodation as expenses.