Tax Benefits Every Real Estate Investor Should Know
Real estate investing is a powerful wealth-building tool, and one of its greatest advantages lies in the tax benefits it offers. Understanding and leveraging these benefits can significantly improve an investor’s financial position. Here are some key tax advantages every real estate investor should know: 1. Depreciation Deduction Depreciation allows investors to deduct the cost of a rental property over time, acknowledging wear and tear. The IRS permits residential properties to be…