Do you own rental property? Besides the potential for regular income and potential capital gains, real estate investments ...

If you earn rental income, you must report this on your taxes. This is true whether you have an extensive rental business ...

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 ...

If you are in receipt of rental income, you can first get a deduction on municipal taxes. Then on the balance, there is a standard deduction of 30%, which accounts for repairs, maintenance and all ...

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 ...

If you rent your property for 15 days or more ... All taxpayers are allowed to take the standardized deduction when filing their taxes. This is a pre-determined amount set by the IRS.

Here’s a closer look at when rent is tax deductible. A big benefit to homeownership is that it offers several tax benefits. While homeowners can deduct property taxes and mortgage interest ...