Yes, as a Real Estate Agent, You Can Save Money on Your Automobile

Posted by wpadmin | Posted in Automotive Financing | Posted on 05-01-2016

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Being an entrepreneur’s not only hard on the commute in your hard-earned car, but also on your wallet. Think about the cost to maintain, roadside assistance, even legal issues. The expenses add up (let’s not mention the cost of gas, shall we?). And when it comes to being a real estate agent, you’re not exactly sitting at a desk 24/7. You have open houses to go, showings, etc. etc. That car better work, or you’re out of a career.

So Guess What: as a Real Estate Agent, You Can Deduct Some Cost on Your Taxes!real estate agent auto-1

And for many commuters, that’s a blast. Obviously. After all, your everyday real estate agent is in business for himself/herself. Therefore, everywhere you go, whatever you spend — all of that can be deducted from the 2-hour tax return you’ll file with ITPN. Want to know just what kind of deducations you can make with your car as a real estate agent?

  • Car Washes
  • Depreciation/Lease Payments
  • Insurance
  • Interest Rate
  • License & Registration
  • Maintenance Expenses
  • Repairs & Replacements
  • Tires

And let’s not forget the mileage write-offs at 55.5 cents per mile. That applies even when you’re driving the miles to get your tires replaced, or your car washed! Be incredibly anal about just how far you drive anywhere. As long as where you’re going applies to your work as a real estate agent. Believe it….

It’s Staggering What You Don’t Know About Your Taxes as a Real Estate Agent

Just check out this tax write-off guide to learn even more. But until then, know this: you now know the stuff, so keep it all in check and itemized. Then register with the Income Tax Planning Network immediately and get those miles written off. Remember: time means money. And money means great business for the automotive and real estate industries.


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