Real estate agent? 21 tax write offs you might be missing.

Let be honest: being an real estate agent has its perks... but taxes isn't one of them. This is an ultimate guide to tax deductions that'll help you lower your tax bill and keep more of your hard-earned money!

Licences & fees

Your state license renewal, MLS dues, and professional memberships, are deductible.

Property marketing

Online and newspaper ads, photography, staging, and signage are all tax deductible.

Education & training

Registration fees and materials for courses like BOLD or GREL are tax deductible.

Commissions paid

Commissions you pay to other agents or employees are fully deductible business expenses.

Desk fees

If you're with a national franchise or an independent broker, desk fees are deductible.

Business, E&O Insurance

General business, as well as Errors and Omissions (E&O), insurance are tax deductible!

Productivity software

Lead generation software, like CRM or marketing automation software, is tax deductible.

Office supplies

Office-related purchases like stationery, photocopies, and monitors are tax deductible.

Put your freelancer taxes on autopilot

Keeper automatically monitors your purchases for tax write offs, and makes quarterly tax payments.

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If you drive for work ...
If you drive your own car to showings and other work-related events, you can claim car-related write offs.

🤓 Pro Tip:It's also possible to report the miles you drive for work instead of actual car expenses, but unless you drive a lot for work, you'll save more time & money with tracking car expenses. Learn more

Gas

Gas is expensive! A portion of your gas station fill ups are tax deductible.

Car maintenance

Oil changes, repairs, and regular checkups are all tax deductible if you drive for work.

Insurance & registration

Car insurance, roadside assistance, registration costs, etc. are all tax deductible.

Parking

Parking for a meeting downtown or other work trip is tax deductible!

Tolls

A toll while driving to or from a work destination is tax deductible!

Vehicle depreciation

If you drive you own vehicle, you can write off the annual depreciation of it's value!

If you work from home ...
If you do at least some of your work from a dedicated home workstation, don't forget to claim home office write offs. Note: this is mutually exclusive with the desk fee write off.

🤓 Pro Tip: You don't need to work from a separate room to claim these write offs. A dedicated desk is sufficient. Learn more

Home office furniture

A desk, chairs, lamps, and other home office necessities are all tax write offs.

Wifi bill

Your comcast bill is a tax write off. You need internet to do your job!

Property insurance

Whether rental or homeowner insurance, you can write off a portion as part of home office.

Power bill

Gotta keep the lights on in your home office! A portion of your electricity bill counts.

Water bill

It'd be hard to work in an office without running water, huh? You water bill counts.

Part of your rent

Whether you pay rent or own your home, a portion of those expenses are tax deductible.

If you leave town for work ...
Anytime you need to travel more than 100 miles (about 2 hours by car) for a client meeting, that counts are business travel.
Transportation

Planes, trains and automobiles are all work travel costs that can be written off.

Lodging

When you travel for work, lodging expenses such as hotel rooms or Airbnb are write offs.

Meals while traveling

When you're traveling for work, all meals are tax deductible. Even takeout.

Note: at Keeper, we care about saving you money on taxes. That leads us to generalize tax advice that isn't always so simple. Everyone's situation is different. Please drop a note below or reach out via email if you have questions.