When it comes to being a real estate agent, you know yourself how lucrative and rewarding the job can be. However, all of that running around and planning can sure add up to a lot of outgoing cash – and a lot of that could be re-claimed through expenses. Few jobs require the same level of networking and financial input from yourself as being a real estate agent does.

However, few jobs also come with the same level of confusion about taxes and beyond, at the same time!

One of the most powerful benefits in your name as a real estate agent, though, stems from the Protecting Americans from Tax Hikes Act – or PATH. Brought forward in 2015, this is an Act that allows you to deduct the greater portion of your purchases, when you make a business-related purchase. In real estate that can be a huge amount of products, so it can be nice to see your tax avoid a large hike because of this Act.

At the same time, though, hiring a CPA to help you better understand where you need to go with your taxation can be a great idea. They can help you work out what is PATH-able, and what you cannot file under this. They can also help you write off a sizeable volume of taxation on various things such as:

  • Expenses for your office, even if it’s a home office. This allows you to reduce the amount that you need to be laying out on taxes since you improved your workspace.
  • Coaching, training and improvement as a real estate agent. If you are someone who has to undergo some extra training, then those costs are deductible, as well.
  • Marketing for trying to help sell and promote the properties that you are trying to move on is deductible, too. When working with a CPA, you can find it quite easy to get that dealt with once and for all to help make marketing affordable.
  • Licensing and renewal fees for real estate agents is a very powerful and popular deduction, too, so pay attention to that.

With all of the above, you can work with a CPA to find a solution that is bound to make your life and your tax challenges a little less frustrating. Not sure where to start? Then look to hire a San Diego CPA to start preparing a more genuine, cohesive strategy.