Most overlooked tax deductions

Sources: https://www.schwab.com/learn/story/understanding-depreciation-recapture-on-rentals https://www.irs.gov/filing/federal-income-tax-rates-and-brackets https://www.investopedia.com/articles/investing/060815/how-rental-property-depreciation-works.asp https://www.revenue.state.mn.us/education-savings-account-contribution-credit https://blog.taxact.com/how-to-claim-bonus-depreciation-deduction/ https://www.investopedia.com/terms/b/bonusdepreciation.asp https://www.irs.gov/taxtopics/tc425 https://www.investopedia.com/terms/m/material-participation-test.asp https://www.investopedia.com/terms/s/section1250.asp#:~:text=Section%201250%20deals%20with%20taxing,fall%20under%20this%20tax%20regulation. https://www.investopedia.com/terms/s/section1245.asp https://www.nolo.com/legal-encyclopedia/new-irs-de-minimis-rule-deducting-business-property.html https://www.fidelity.com/learning-center/smart-money/solo-401k-contribution-limits https://www.irs.gov/taxtopics/tc509 https://investor.vanguard.com/investor-resources-education/article/ira-contribution-deadlines https://turbotax.intuit.com/tax-tips/family/the-ins-and-outs-of-the-child-and-dependent-care-tax-credit/L2H7rzUWc LINKS Sign up for Baselane https://www.baselane.com/lydia and start running your real estate finances smarter. Get a $100 bonus with an eligible deposit + a 30-day trial of Baselane Smart Projection Lab: https://projectionlab.com/?ref=lydia98 free version works great, if need to save data then try the premium My Clickup operations dashboard and template (Vacation Venture Vault): https://lydiapatel.com/vacationventurevault Lodgify: https://www.lodgify.com/?afmc=1nq&utm_campaign=1nq&utm_source=leaddyno&utm_medium=affiliate AirDNA (for projecting $$, free version available): https://invite.airdna.co/Lydia-Patel1 Pricelabs: https://pricelabs.co/users/sign_up?referral/WY3KiB Aura (privacy/data removal): https://aura.com/lydiapatel OTHER TOOLS: Short term rental calculator (free): https://lydiapatelll.ck.page/calculator Setup guide downloadable (free): https://lydiapatelll.ck.page/how-to Airbnb hosting with me as your ambassador: https://www.airbnb.com/rp/lydiap12302 Business inquiries: hello@lydiapatel.com IG: I'm @ lydiapatelll Video edited with the help of Gling: https://bit.ly/46bGeYv - helps speed up removing outtakes but does not add any artificial content. Disclaimer: Above links contain affiliates, which means I receive a small commission at no cost to you. Affiliate income helps me keep the resources free for a greater number of people. :-) Everything I recommend have been fully tested by me. Thank you everyone for your generous support! Disclosures: Only new Baselane banking customers are eligible to receive the bonus. To receive the bonus, you must deposit $500 into your Baselane Business Deposit account and maintain this balance for 30 days before 12/31/2026. Once you have met this requirement, the $100 bonus will be paid out within 30 days. See https://www.baselane.com/100-cash-bonus for more details #RealEstateInvesting #bankingwithbaselane @baselane