As a rental property owner, you can claim deductions to offset rental income and lower taxes. Broadly, you can deduct qualified rental expenses (e.g., mortgage interest, property taxes ...

While homeowners can deduct property taxes and mortgage interest during tax season, rent paid on a personal residence is typically not deductible on federal taxes. Instead, the property owner ...

Just because you work from home doesn't mean you can deduct a home office on your taxes. Here's how to qualify for the ...

As the owner of a rental property ... you can subtract it—dollar for dollar—from the taxes you owe. They’re better than tax deductions, which just reduce taxable income depending on your ...

However, expenses related to the rental property, such as maintenance, repairs, property taxes, and mortgage interest, can be deducted from the rental income, which can lower your tax liability.

You may be surprised to hear that some renters can get a property tax deduction. If your lease agreement states that part of your rent goes towards property tax, you could qualify for a property ...

In addition to normal mileage rates and tolls, you can deduct expenses related to your business. If you rent a car for business purposes, you can only deduct the portion of the cost that is related to ...