by Alicia Persson | Mar 5, 2024 | Real Estate Taxes
What’s in the Energy Efficient Home Improvement Credit? If you made a qualifying improvement to your home to promote energy savings in your home in 2023, you can potentially claim some lucrative energy tax credits. The IRS has incentivized upgrades like energy star...
by Alicia Persson | Feb 12, 2024 | Real Estate Taxes
Rental Property Tax Deductions for 2023 Filing Managing a rental well maximizes your resident’s satisfaction and your bottom line. It’s a win-win, especially when you can claim the most rental property tax deductions. After all, every dollar counts toward expanding...
by Alicia Persson | Nov 14, 2023 | Investment Properties, Real Estate Taxes
With tax season well underway, the IRS has already accepted over 19 million tax returns from households and businesses of all scales. If you have a real estate investment business, you know that prudent filing will give you maximum tax benefits that can help you pay...
by Alicia Persson | Nov 13, 2023 | Real Estate Taxes
Homeowner Tax Deductions It’s tax time, which means you have until the middle of April 2024 to cash in on the 2023 tax year. it’s time to reap all the best homeowner tax deductions and credits to maximize your return (or reduce how much you owe). No matter what, it’s...
by Alicia Persson | Nov 12, 2023 | Real Estate Taxes
Are there any good renter tax breaks out there? During tax time, essential documents arrive via snail mail and your inbox in staggered succession. While renters don’t get the big homeowner tax breaks like mortgage interest and depreciation, they still have access to...
by Alicia Persson | Nov 10, 2023 | Builder Resources, Real Estate Taxes
The Best Builder Tax Deductions and Credits With the expert contribution of Adam Steinheiser, the Director of Accounting at Marketplace Homes Construction businesses can write off a lot of business use expenses. When you work with a tax professional, you can get the...
by Alicia Persson | Jul 17, 2023 | Real Estate Taxes
New Tax Breaks For 2024 Home Upgrades Homeownership has a lot of perks including building equity and snagging some of the best homeowner tax credits and deductions. In 2024, the federal government created even more tax deductions for homeowners through the Inflation...
by Alicia Persson | Mar 8, 2023 | Real Estate Taxes
Is buying real estate a tax shelter? New investors and homebuyers often wonder what kind of tax incentives come with owning property. The good answer is that you can absolutely reap tax breaks from owning real estate, and these tax breaks are sometimes called...
by Alicia Persson | Mar 8, 2023 | Real Estate Taxes
Tax Tips for Real Estate Agents filing for 2023 As a real estate agent, you work as a self-employed individual. Instead of a W-2, you receive a 1099 from a brokerage that doesn’t figure in any federal or state income taxes. Though estimating your taxes and...
