#tax-deductions

#tax-deductions

You will pay federal income taxes on your Social Security benefits, but this comes with a caveat. You won't owe anything if you earn less than $25,000 in your combined annual income.

The interest you pay on your mortgage loan is a tax-deductible property expense, providing significant benefits especially for new homeowners.

Many property managers and landlords have difficulty understanding the complex rules and regulations the IRS sets forth concerning what changes you can count as either a repair or improvement in your property.

The standard deduction is a fixed amount that reduces taxable income dollar-for-dollar, helping taxpayers save money. Most taxpayers opt for this over itemized deductions.