You qualify to claim the Indiana renter's deduction if you paid rent on your main home and the place you rented was subject to Indiana property tax. Rent paid for summer homes or vacation homes is not deductible. You can deduct up to $3,000 or the amount of rent paid, whichever is less.
To report your renter's deduction, you will be required to provide the following information:
- The address where rented if it's different from the address on the front of the return (leave blank if it is not different),
- The landlord's name and address,
- The total amount of rent paid, and
- The number of months you lived there.
If you moved during the year or had more than one landlord, the same information is required for each place that you rented.
Once you have created your state return, you can enter your Renter's Deduction information by following the steps below:
- State Section
- Subtractions from Income
- Renters Deduction
Note: Keep copies of your receipts, landlord information and lease agreements. These may be required at a later date. For more information about this deduction, see the instructions or Income Tax Information Bulletin #38.