To: calenel
Renters cannot deduct mortgage interest payments.
66 posted on
09/28/2017 11:32:56 AM PDT by
DoughtyOne
(John McBane is the turd in the national punch-bowl.)
To: DoughtyOne
I may be misremembering, but there is, or used to be, a renter’s deduction on the state tax form, to offset the landlord’s tax benefit.
68 posted on
09/28/2017 11:40:44 AM PDT by
sparklite2
(I'm less interested in the rights I have than the liberties I can take.)
To: DoughtyOne
California renters who meet income and other requirements can apply for a renter’s credit of $60 (if filing separately) or $120 (if filing jointly).
73 posted on
09/28/2017 11:58:19 AM PDT by
sparklite2
(I'm less interested in the rights I have than the liberties I can take.)
To: DoughtyOne
Renters cannot deduct mortgage interest payments.Renters don't pay mortgages (directly). Landlords do. And they, landlords, can deduct mortgage interest. Those deductions reduce the cost of providing the housing and consequently the amount of rent that must be charged.
76 posted on
09/28/2017 12:44:03 PM PDT by
calenel
(The Democratic Party is a Criminal Enterprise. It is the Socialist Mafia.)
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