Realtors, Get those Deductions!
Published by
Sonya Ruffin
on
Realtors, Get those Deductions!
Tax season is upon us and it’s time to get out those receipts, check the bank records and do those annual assessments of the past year’s income and expenditures for the IRS. In real estate, you may be employed or self-employed, you may have purchased client gifts or did some big marketing efforts. You want to make sure that you get credit where credit is due. Don’t let it overwhelm you. Here are some common deductions you shouldn’t overlook.
Deductions:
- Vehicle Mileage/Auto Expenses
- Advertising/Marketing
- Home Office
- Desk Fees
- Insurance, Memberships and Licenses
- Meals and Entertainment
- Travel and Professional Development
- Self-Employed Healthcare (if applicable)
So that’s not so bad, is it? Of course, there are many other categories of deductions that could possibly be available to you. At Emerge Financial Group, we work tirelessly to ensure that every allowable deduction is assessed. If you find that you need support to minimize your tax liability, the tax professionals at Emerge Financial Group are just a phone call or email away. Emerge Financial Group has over 30 years of experience with Tax Preparation and Accounting Services.
Stay in the Know! Sign up for the Emerge Business Journal and be informed of changes along with tips on Business Finance. Subscribe here.