Tax season is a hectic time of year for many real estate agents. Not only is the spring season heating up, but most agents also have to handle filing their taxes as an independent contractor.

This Spring, Inman is obsessing over helping you to tune-up your listings business, with actionable insights, the best advice from top agents and hundreds of helpful stories from all over the world. Interested in sharing your advice and insights with us? Reach out to me at

Don’t forget that we’ll also be focusing on how agents and brokerages can all move Faster, Better, Together this July at Inman Connect San Francisco. Not got your ticket yet? Buy it here, and remember that Select members get a $100 discount. Thinking of bringing your team? There are special onsite perks and discounts when you buy those tickets together too. Just contact us to find out more.

Save My Seat for ICSF Now

Tax season is a hectic time of year for many real estate agents. Not only is the spring season heating up, but most agents also have to handle filing their taxes as an independent contractor.

The one silver lining is the possibility of getting a sizable tax refund. If you overpaid your estimated taxes for the year, the IRS will owe you money, and we’ve got a few ideas for how you can use that extra cash to improve your business and boost your income this year.

1. Create more marketing materials

A tax return may provide the extra cash you need to launch a new marketing campaign or create new marketing materials before the busy summer season.

If you want to keep more of the money in your pocket, consider online campaigns that use pay-per-click structures rather than an upfront investment.

2. Put the money toward a real estate investment

Agents who also invest in real estate can use their tax refund to purchase or improve a property. Any landlord or flipper will tell you every dollar counts so focus on improvements with high ROI.

3. Invest in CE courses

Continuing education (CE) is a necessary part of being an active real estate agent. But CE courses are also a great way to expand your skill set and grow your business.

Even if you’re years away from renewing your license, using your tax return for real estate CE courses is a sound investment.

4. Sock it away in a savings account

Markets across the country are active, but you never know when you’ll have a slow month. Putting tax refund money in a savings account gives you extra padding that makes lulls less stressful.

5. Spend it on a much-needed vacation

A tax refund is a nice bonus that may not be expected. As such, it’s discretionary income that can be used for fun and relaxation.

Much-needed time off can also be beneficial for business. Studies have shown many people are more productive after taking a vacation.

6. Make a donation

There are a lot of upsides to being philanthropic. It makes us feel good about ourselves, it counts as a tax deduction for next year, and it’s a way for real estate agents to give back and connect with their community.

7. Pay off business-related debts

Is there a balance on your business credit card that’s costing you extra in interest every month? Then use your refund to pay the debt down and save the interest for other business investments.

If you are like me, getting a tax refund is the greatest part of the tax process. Growing your business and putting that refund to good use is the best way to spend it!

Chad Goldwasser is the owner/broker at Pure Gold Realty in Austin, Texas. Follow him on Facebook or Instagram.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription