AboutAlexandra Shainskaya, CPA Expertise Can answer questions relating to individual and small business tax returns and tax planning.
Experience I am the founder and President of Tax & Business Advisory Services LLC, a boutique accounting firm that specializes in tax planning and preparation for individuals and small businesses.
Education/Credentials New York University Stern School of Business, 2005
Accounting and Finance
Question Hi,
I heard that they are trying to allow the rent to be claim as a tax deduction .
i don't know if that actually true or just a rumor .
please let me know .
thank you
Answer Dear Mariem,
Rent is not deductible on your federal tax returns. It could be that your state is considering making rent deductible on the state return, but you did not specify what state you live in.
Best regards,
Alexandra Shainskaya, CPA
www.TaxBusinessAdvisory.com