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

While homeowners can deduct property taxes and mortgage interest during tax season, rent paid on a personal residence is ...

As the owner of a rental property ... you can subtract it—dollar for dollar—from the taxes you owe. They’re better than tax deductions, which just reduce taxable income depending on your ...

Note that depreciation is mandatory for rental properties, even if you choose not to claim it. The IRS will still assume you've taken the deduction when calculating depreciation recapture taxes ...

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

Though many states have some sort of tax benefit for renters, not everyone renting a home or apartment qualifies.

The Masters exemption allows rental property owners to keep up to 14 days of rental income from properties per year tax free, ...

Whether you have renters in your home or another property, know that the money you make can affect your income tax return.

As tax season approaches, many homeowners find themselves sifting through receipts and financial documents, searching for ...

This may not always be the case if you’re running a professional rental business, in which factors like tax deductions and depreciation are always maximized in a way to pay the least taxes possible.