Do I qualify for any tax benefits?

[Miguel Hernandez]

Hello BP members. As the year comes to an end I'm happy to say I am 95% done with my first BRRRR deal. It is an out of state duplex.

I always hear people say that buying real estate can help decrease your taxes. Currently I only have this 1 property, however I’d like to save money on my taxes if possible. If I only own this 1 property is there any tax right offs or anything I should be aware of that might help me pay less? Any help is appreciated, thank you all and Happy New Year!