Like with almost any dollar you earn in the United States, if you earn rental income, you must report this on your taxes.

When you sell your home, you may owe capital gains tax on the profit from the sale. The IRS calculates this by subtracting ...

and property taxes. You may deduct the first three expenses from your rental income. For property taxes, you may deduct any property tax paid on the property during a vacancy period. If you also ...

As a landlord, understanding the tax documents you need is crucial for compliance and  maximizing your deductions. From IRS ...

Our short video explains how tax on rental income works. If you charge any non-refundable deposits for your property these will also count as rental income, as will money that's kept over from a ...

This article discusses tax assessments, " the economic reality is that filling square feet always comes at a price, sometimes so high that little or nothing is left as a return on the investment." ...

The “Augusta Rule,” also known as the “Masters Rule,” refers to Section 280A (g) of the federal tax code, which allows ...

Social Security benefits are not taxed in Maine, representing a major benefit for retirees in the state. Medicare premiums ...

Like with almost any dollar you earn in the United States, if you earn rental income, you must report this on your taxes. This is true whether you have an extensive rental business with apartment ...