2 secrets to making tax season less scary for real estate agents

Make sure you're paying attention to key write-offs and setting income aside to pay during the year
  • Look at write-offs like business equipment, state and local taxes and commissions paid, which can quickly take big chunks out of your potential tax bill.
  • Open a dedicated tax savings account to put 30 percent of your gross earnings away throughout the year and avoid tax season stress.

As the realization that taxes are due in 10 weeks sets in, most real estate agents are desperately trying to find every deduction and loophole to help minimize their tax obligation.