Asked by: Dipa Ciutat
asked in category: General Last Updated: 20th April, 2020

What's the difference between room and board and rent?

With a room and board arrangement, the renter has a private bedroom and shares the rest of the house with the person renting out the room. This is different from renting where the renter has private living areas, including a bedroom, bathroom and kitchen. Full Board, where the host provides all three daily meals.

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Subsequently, one may also ask, what is the legal definition of room and board?

Room and Board Law and Legal Definition. Room and board refers to lodging, utilities, and food provided for a fee or in exchange for specified duties or services. Room and board is provided by various entities, such as colleges and private residences. They are regulated by local and state laws, which vary by area.

Subsequently, question is, what are room and board fees? Room and board expenses are just one expense factored into the cost of attendance. For students who live on campus, calculating room and board is simply the cost of the housing plan, plus the cost of the meal plan, but for students who live off-campus there are different models.

Hereof, is room and board considered rent?

Even though apartment rent or dorm fees are necessary expenses, the IRS does not consider rent as a qualified educational expense because students can use apartments or dorm rooms for their personal use, so you generally cannot write off apartment rent on taxes. One or the other has to claim the expenses.

Why is it called room and board?

If you're paying for "Room and Board," you're paying for lodging and for access to the sideboard, where the food is staged before you load up your plate. Listening to NPR's A Way with Words, it was explained that you were given a room, and in that room would often be a board hanging on the wall.

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