The article emphasizes the mental and financial stress associated with tax-filing season, suggesting that adopting smart strategies like house hacking can ease this burden. House hacking allows homeowners to rent out part of their property, generating passive income while living rent-free and benefiting from significant tax deductions. This practice has gained popularity, especially among first-time homebuyers facing financial challenges. As inflation remains a concern, understanding available deductions becomes crucial for maximizing returns on investment, making house hacking a smart real estate approach.
"It's become a go-to move for first-time investors looking to break into real estate without fully committing to being a landlord."
"The tax benefits can make house hacking even more lucrative."
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