Let’s face it: working as an independent real estate agent has its perks, but tax time is certainly not one of them. This guide will demystify Realtor tax deductions to help lower your tax bracket.
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Tax Breaks for Buying a Home – The deductions available to you as a homeowner will likely reduce your tax bill substantially. And, if you have been claiming the standard deduction up until When you buy a house, you usually have to pay "points" to the lender to get your mortgage. This charge is usually a percentage of the loan amount.
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20 Tax Deductions for Landlords. Here are 20 rental property expenses you can deduct on your tax return, to keep more of your money in your pocket where it belongs.