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Updated about 3 years ago,

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Does your first rental really save you on taxes?

Posted

With the standard deduction being 24k (or so) for married couples will one single family rental save us on taxable W2 income? I just purchased my first property and plan to BRRR it so it will have 20k or so worth of rehab (I plan to recoup that on the refi obviously) but how much can I really expect to gain tax wise with this property in the first year?

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