However, with house prices at an all-time high, many people opt for rental. Rent prices have also skyrocketed in 2022 as landlords try to capitalize on strong housing demand from people who cannot afford to buy a home at the moment.
With all the money you spend leaseyou may be wondering if you can to write your rent. Sorry, we have bad news. Keep reading to find out why rent isn’t tax deductible and how you can save on taxes as a tenant.