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2. Is Rent Tax Deductible? - AOL

   www.aol.com/finance/rent-tax-deductible...

   You can only claim the rent you pay on federal income taxes if you are eligible to claim the home office deduction. Some states do offer rent tax credits, which allow eligible renters to deduct ...

3. Are Property Taxes Deductible? - AOL

   www.aol.com/property-taxes-deductible-224345757.html

   The 2017 Tax Cuts and Jobs Act limits the deduction for state and local taxes, including property, income and sales taxes, to $10,000 per year. If you need to deduct more than $10,000 on your tax ...

4. Top Tax Deductions and Tax Credits You Should Know for 2023 - AOL

   www.aol.com/finance/10-tax-deductions-know-2023...

   If you pay state and local income taxes or state and local sales taxes — including real estate and property taxes — you may be able to deduct up to a combined total of $10,000, or $5,000 if ...

5. Itemized deduction - Wikipedia

   en.wikipedia.org/wiki/Itemized_deduction

   This facilitated amendments to 2011 tax returns to claim a casualty tax deduction. [4] Gambling losses, but only to the extent of gambling income (For example, a person who wins $1,000 in various gambling activities during the tax year and loses $800 in other gambling activities can deduct the $800 in losses, resulting in net gambling income of ...

6. Section 179 depreciation deduction - Wikipedia

   en.wikipedia.org/wiki/Section_179_depreciation...

   Under section 179(b)(1), the maximum deduction a taxpayer may take in a year is $1,040,000 for tax year 2020. Second, if a taxpayer places more than $2,000,000 worth of section 179 property into service during a single taxable year, the § 179 deduction is reduced, dollar for dollar, by the amount exceeding the $2,500,000 threshold, again as of ...

7. All About Taxes on Rental Income - AOL

   www.aol.com/news/taxes-rental-income-165017040.html

   You can, however, deduct expenses you incur to maintain your rental property. In other words, becoming a landlord … Continue reading → The post All About Taxes on Rental Income appeared first ...