Paying taxes on rental income

[Aaron Landau]

Hey all,

I will be extending an offer tonight for a multi-family home that I would be living in. It is a two family home; I will live in one unit and rent out the other. I am trying to get a full understanding of the expenses and the tax implications of having a tenet. 

Is this rental income just added on as income during filing in addition to my income from my main job? (For example, I am in the 24% tax bracket, so I will really only be earning 76% of what I earn from the tenet.)

Is there a resource online that has all the tax write-offs as a landlord?

Any specific advice regarding taxes and rental income?

Thanks!

[David M.]

@Max Smetiouk yes, his deductions are basically halved because of the 2family setup.