Tax Deduction

As a landlord, one of your primary goals is to maximize the return on your investment. One way to achieve this is by taking advantage of tax deductions available to property owners. In this article, we will explore several tax deduction strategies, including property depreciation, transportation expenses, repair and maintenance costs, employee wages, professional fees, loan interest, taxes and insurance, and educational expenses. Some common tax-deductible items for landlords include: Property Depreciation: The IRS allows landlords to deduct the cost of a rental property over a specific period. This process,…