I had a question related to Federal taxes. I know, this is not the right forum to discuss this, and I am sorry about that.
I am on H1B and stay in rented apartment ($1000 / month). Can I use Itemized Deduction on my Tax Return and claim Rent as deduction.
I have been using Std Deduction for last 2 years, but few days back I met a guy (also H1B from India) who uses Itemized Deduction and deducts all his expenses(Rent, Car depreciation, Furniture Depreciation, even his laundry and grocery expenses).
His argument is that his real home is India, and he is here only for few years, so he is entitled to all these deductions.
Folks, wht do you think is right?
Thanks
I am on H1B and stay in rented apartment ($1000 / month). Can I use Itemized Deduction on my Tax Return and claim Rent as deduction.
I have been using Std Deduction for last 2 years, but few days back I met a guy (also H1B from India) who uses Itemized Deduction and deducts all his expenses(Rent, Car depreciation, Furniture Depreciation, even his laundry and grocery expenses).
His argument is that his real home is India, and he is here only for few years, so he is entitled to all these deductions.
Folks, wht do you think is right?
Thanks