How To Lower Your Tax Bill Episode 10

How to Lower Your Tax Bill by Terrance Hutchins

S01 E10
13:56
Episode notes

Real Estate Tax Strategies for W-2 Earners

In this episode of How to Lower Your Tax Bill, host Terrence Hutchins explains how W-2 earners can use real estate to reduce their tax burden. As a financial and tax advisor in the Dallas-Fort Worth area, Terrence breaks down three key strategies that allow employees to offset income with real estate losses and maximize tax savings.

What You’ll Learn:

  • Real Estate Loss Deductions: How W-2 earners making less than $150,000 can deduct up to $25,000 in rental losses.
  • Short-Term Rental Strategy: How properties rented for an average of seven days or less can bypass passive loss limitations and offset W-2 income.
  • Real Estate Professional Status (REPS): How you or your spouse can qualify as a real  ... 
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