Closing the Year Strong – Episode 3: Smart Tax Moves for Homeowners and Investors
- Nikia Evans
- 6 days ago
- 2 min read
As 2025 comes to an end, it’s not just about wrapping presents—it’s about wrapping up your finances the smart way. Whether you’re a homeowner or an investor, a few strategic tax moves before December 31 can help you maximize deductions, protect your profits, and set yourself up for success in 2026.
For Homeowners:
Deduct Mortgage Interest and Property TaxesIf you itemize deductions, make sure you’ve accounted for all eligible mortgage interest and property taxes paid this year.
Energy-Efficient Upgrades Pay OffInstalled new windows, a roof, or solar panels? You may qualify for the Residential Clean Energy Credit—worth up to 30% of costs.
Track Home ImprovementsKeep receipts for improvements—these can increase your cost basis and reduce taxable gain when you sell later.
For Real Estate Investors:
Depreciation DeductionsDon’t overlook depreciation—it’s one of the biggest tax benefits in real estate. Even if your property appreciates, you can deduct the wear and tear value each year.
1031 Exchange for Capital Gains DeferralSelling an investment property? You can defer taxes by reinvesting profits into another property using a 1031 exchange.
Write Off ExpensesTravel for property management, maintenance costs, insurance, and professional fees can all be deductible—just make sure they’re well-documented.
Consult a Tax Professional EarlyDon’t wait until April. A year-end consultation can help you reposition assets, balance gains and losses, and optimize your tax strategy.
Pro Tip:
Even small steps before year-end—like paying January’s mortgage in December or completing that last repair—can tip the scales in your favor when filing taxes.
Let’s Close the Year Strong
Understanding how to use real estate to build wealth goes beyond buying and selling—it’s about managing it wisely.If you’d like a home value update or help planning your 2026 investment strategy, I’d love to help.
Call at : 708-249-3393
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