US EditionRental Property Tax Deductions vs. Exemptions
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Rental Property Tax Deductions vs. Exemptions
Want to save money on your rental property taxes? Here’s what you need to know: Tax deductions and tax exemptions both reduce your tax burden, but they work differently. Deductions lower your taxable income by subtracting expenses like mortgage interest, repairs, and property management fees. Exemptions reduce your property’s taxable value, cutting your property tax bill. In Texas, exemptions like the homestead exemption don’t apply to rental p…
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