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Best answer by ChristinaS

There is NO federal tax credit or deduction relating to renting your home. However, your State may offer a benefit for this rent.

Any tax benefit for renting would be addressed in the interview process for your state- under State Taxes. For most states that offer a benefit, the question about renting is prominent in the state interview of Turbo Tax.

1 reply

Employee
June 1, 2019

There is NO federal tax credit or deduction relating to renting your home. However, your State may offer a benefit for this rent.

Any tax benefit for renting would be addressed in the interview process for your state- under State Taxes. For most states that offer a benefit, the question about renting is prominent in the state interview of Turbo Tax.