article thumbnail

Top 10 property management tax deductions for 2025

Buildium

1, 2026 and is not available to employees. Deductions on Legal and Professional Services You can deduct fees that you pay to attorneys, accountants, consultants, and other professionals if the fees are paid for work related to your business. If this deduction applies, you are effectively taxed on only 80% of business income.

article thumbnail

6 Property Management Tax Mistakes: Are You Making Them?

Buildium

1, 2026 (but it could be extended) and is not available to employees. Legal and Professional Expenses You can deduct fees paid to attorneys, accountants, consultants, and other professionals for any work related to your business. You can qualify to deduct up to 20% of your net business income from your personal income tax return.