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Tip of the Week

Don’t Miss This! You may be entitled to a tax deduction equal to one half of the rent you paid during calendar year 2012 up to $3,000 for your principal residence in Massachusetts. Rent includes the amount you paid for heat, hot water, gas, electricity, furniture or parking, if the landlord makes no separate charge for these items. In tax year 2011, an estimated 818,726 taxpayers claimed the rental deduction reducing paying filers’ taxes by $117.8 million. See DOR's Rent Deduction page for full details…

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