As a real estate agent, your income can vary significantly from year to year, making effective tax planning even more critical. With fluctuating commissions, deductions for expenses, and the complexities of self-employment taxes, having a well-thought-out tax strategy can help you maximize your earnings and reduce liabilities.
RainwaterCPA specializes in helping real estate professionals navigate the tax landscape, ensuring you take full advantage of available realtor tax deductions and credits. By proactively planning your taxes, you’ll avoid surprises and keep more of what you earn, year after year.
Don’t let tax issues or missed opportunities hold you back. Let us run your numbers for free and show you how much you could be saving with a personalized tax strategy tailored to your business.
PROJECTS COMPLETED
When it comes to tax preparation, real estate agents have unique deductions that can make a big difference in their tax bill. As specialized tax planners for brokers, our team helps you navigate real estate agent tax deductions, from home office expenses and vehicle use to marketing costs and professional fees, ensuring you take full advantage of all available savings. We work with you to minimize your tax liability, optimize your deductions, and file with confidence, so you can keep more of your hard-earned earnings and focus on growing your real estate business.
A real estate broker came to us looking for ways to reduce her tax liability and maximize her savings. Despite her success, she was unsure of how to leverage available tax-saving opportunities, especially in areas like retirement planning and deductions. Her current strategy wasn’t optimized, and she was concerned she was missing out on potential savings.
We worked closely with her to develop a customized tax strategy, focusing on three key areas: optimizing her retirement plan by adding a profit-sharing plan, implementing an accountable plan to properly deduct business expenses, and ensuring that she was fully utilizing all available realtor tax deductions. These strategies worked together to reduce her taxable income and increase her overall savings.
As a result of these optimizations, our team helped her save $65,950 in taxes last year alone. With a more efficient tax strategy in place, she was able to retain more of her earnings and continue focusing on growing her real estate business without the worry of overpaying taxes.