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Tax Write-Offs: Is Rent Tax-Deductible?

Updated: Feb 1, 2022

Yes, it is! Business owners that rent a building, office space, warehouse, or another type of business property may be able to deduct rental expenses if your space meets eligibility standards.

  • Percentage deductible: 100%

  • Eligibility: The property must be used for business purposes in order to be written off.

  • Example deductions:

  • Rent paid on business property

  • Rent paid on a business parking garage

  • Rent paid on an office space

Special considerations: The IRS claims that if you have or will eventually receive equity in or title to the property in question, rent expenses will not be considered deductible. If you use a home office, you may be eligible to write off a portion of the cost. This expense must be recorded under the home office deduction.

Check out the link below for a list of other tax deductions you can claim this tax season!