101+ Real Estate Agent Tax Deductions {Infographic}

Posted by Ryan Fitzgerald on Thursday, August 9th, 2018 at 9:15am.

101 Real Estate Agent Tax Deductions for Agents and Realtors

101 Real Estate Agent Tax Deductions

There are a lot of tax deductions Real Estate Agents are not using as tax write-offs. It's important to remember that anything you spend money on for your business as a Real Estate Agent can potentially be used as a tax write-off. Tax laws change often, so whether you're doing your own taxes or using a Certified Public Accountant you'll want to ensure you're using the correct write-offs. 

Recently, we put together an article on how much money Real Estate Agents make and decided to add to that resource with information on Real Estate Agent Tax Deductions!

We put together this checklist or cheat-sheet to help Real Estate Agents with their Tax Deductions. 

Advertising

  • Billboard
  • Brochures/Flyers
  • Business Cards
  • Copy Editor Fees
  • Direct Mail
  • Email Marketing/Newsletters
  • Graphic Designer Fees
  • Internet Ads (Facebook, Google, Etc)
  • Leads/Mailing Lists
  • Marketing Services
  • Networking Events Expenses
  • Postcards
  • Print Ads, Newspapers, Magazines
  • Promotional Marketing
  • Radio Ads
  • Signage/Banners
  • Television Ads
  • Web Design
  • Web Hosting & Domain Fees

Agent Improvement

  •  Books (Sales Books, Real Estate Books, Etc)
  • Continuing Education
  • Magazine Subscription
  • Newsletter Subscriptions
  • Sales Training/Coaching
  • Seminars
  • Textbooks/Reference Books
  • Trade Publication

Auto

  • Business Mileage
  • Parking
  • Tolls
  • Actual Auto Expenses
  • Car Washes
  • Depreciation/Lease Payments
  • Gas
  • Insurance
  • Interest
  • Licenses/Registration
  • Maintenance
  • Repairs
  • Tires 

Business Travel

  •  Airfare
  • Car Rental
  • Dry Cleaning/Laundry
  • Lodging
  • Meals
  • Parking/Tolls
  • Taxi, Train, Subway, Bus
  • Tips

Communications

  •  Answering Services
  • Cell Phone Service
  • Fax Expenses/Efax
  • Interactive Voice Response (VR)
  • Internet Service
  • Office Telephone/VOIP
  • Toll-Free Number

Equipment

  •  Briefcase
  • Calculator
  • Camera/Lenses
  • Cell Phone/Smart Phone
  • Cleaning Equipment (Vacuum)
  • Computer
  • Equipment Repair
  • Flashlight
  • GPS
  • Hard Drive/Thumb Drive
  • iPad, Tablet, PC, Android
  • Laptop
  • Lock Boxes/Lock Smith/Keys
  • Maps
  • Printer
  • Scanner
  • Staging Items Furniture
  • Tape Measure
  • Video Camera

Employee Wages

  • Clerical Support
  • Family Members (Kids/Spouse)
  • Payroll Unemployment Taxes
  • Sales Assistant
  • Virtual Assistant

Health Insurance/Home Office

  •  Insurance
  • Mortgage Interest/Rent
  • Property Taxes
  • Repairs/Maintenance
  • Security System
  • Utilities

Office Expenses

  • Desk Fees
  • Client Refreshments (coffee, water, soda)
  • Copier Fees
  • Janitorial Expenses
  • Bookshelves
  • Chair
  • Desk
  • Filing Cabinets
  • Envelopes
  • Folders
  • Paper
  • Pens
  • Postage
  • Stationery
  • Printer Ink
  • Office Rent
  • Online Storage of Business Files
  • Software Services

Professional Fees

  • NAR
  • NAREB
  • CREA
  • NAIREB
  • NAEBA
  • Chamber of Commerce
  • Bank Fees
  • Bookkeeping Fees
  • Business Licenses
  • E&O Insurance
  • Franchise/Affiliation Fees
  • Interest on Business Purchase
  • Legal Fees
  • MLS Fees
  • Tax Prep Fees 

Retirement

  •  Defined Benefit Plan
  • Self Employment Pensions(SEP)
  • Simple IRA
  • Solo 401k

Selling Expenses

  • Appraisal Fees
  • CL100 Fees
  • Client Gifts
  • Closing Attorney Fees
  • Concessions
  • Courier Service/Delivery Fees
  • Finder Fees/Referral Fees
  • Home Repairs to Sell Listed Property
  • Home Warranty
  • Inspection Fees
  • Notary Fees
  • Open House Expenses
  • Photo Editing
  • Staging Fees

Start-Up Expenses

  • Costs Incurred Before Going Into Business
  • Organizational Costs

Always Consult With a Licensed Tax Professional!


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Ryan Fitzgerald Raleigh RealtyHi there! I'm Ryan Fitzgerald, a REALTOR in Raleigh-Durham, NC and the owner of Raleigh Realty. Chances are you and I share a similar passion, Real Estate! I also have a passion for technology, sports, and people. Would love to hear from you. Drop me a note in the comments section below and feel free to share this article socially!

 

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