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 ...

The mortgage tax break is one of the most common. It enables you to deduct the home mortgage interest on the first $750,000 ...

The new tax regime simplifies income tax, but with fewer deductions in play, taxpayers must make the most of the available ...

You can significantly reduce the cost of owning a second home by claiming tax deductions for mortgage interest, property taxes, and rental expenses. You can also deduct interest on certain home ...

So are these HOA fees deductible on taxes? It depends. If you buy a property as your primary ... Can I write off HOA fees on a rental property? If you own a rental property and lease it to a tenant, ...

You can also claim deductions for a portion of other expenses such as rent or property taxes, home depreciation, and utilities ‒ based on the proportion of the space to the rest of your house.