“For the rent calculation you need to subtract the standard deduction, $5,150 if you single or $10,300 if you married.”
Not necessarily. On a $130k income, you would certainly have more than this in state income tax that you could write off, which means that you probably wouldn’t take the standard deduction, you’d itemize to take advantage of the higher deduction.
So, in reality, the $5k isn’t an ADDITIONAL deduction.
