Simplify your rental income taxes and maximize your end of year deductions with these free landlord tax resources.
Start for freeThe IRS tax filing deadline for the 2024 tax year is April 15th, 2025. Be aware that several of the provisions from the Tax Cuts and Jobs Act of 2017 are scheduled to expire in 2025 or are already being phased out. The tax extension deadline for your 2023 taxes is October 15th.
Below, we've collected everything real estate investors need to know in order to streamline their tax season including 2024 rental income tax rates and deadlines, free downloadable landlord tax resources, helpful articles, and expert insights.
Discover the tools and knowledge to maximize your rental property tax deductions, minimize tax liabilty, and increase your portfolio ROI.
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Rental income is taxed as ordinary income and you pay according to your marginal tax bracket, which is between 10% and 37%.
However, because the IRS deems rental income to be "passive" it needs to be reported separately from ordinary W-2 income. Most real estate investors need to file a Schedule E which is the part of the form 1040 that deals with supplemental income and loss, such as rental income and royalties.
Important rental income tax forms
How Much Tax Do You Owe? Read our full Tax On Rental Income Guide Here
Christanne is an experienced real estate expert and CPA who has made it her mission to help real estate investors minimize their tax bills each and every year.
Christanne Wright
Accountant
"If you don't keep good records, because the IRS is so dependant on record-keeping, you run the risk of having a lot of, or even all of your expenses excluded from your tax file."