Do you own a rental property? Some of the new tax changes could end up benefiting you, according to a recent article put out by Realtor.com.
Some of the new rules include the following:
- Bonus depreciation for the first year you own the rental
- Up to 20% of rental income could be tax free
- More home improvements can be deducted immediately
Check out the article here for more details, and be sure to talk with a tax professional to see how you might be able to benefit from the new tax laws.