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TRU Real Estate Xchange Huddle is happening in 3 days
🛡️ Audit-Proof Your Receipts in 60 Seconds
An audit isn’t scary if you have the 5 W’s documented: Who, What, When, Where, and Why. 👉 Strategy: Take a photo of the receipt, type the 5 W's in the caption, and save it to a "Taxes 2026" folder on your phone immediately. Tip: Keeping your receipts organized and easily accessible will save you time and stress when it’s tax season. Are you a ‘shoebox full of receipts’ person or a ‘digital folder’ person?
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🛡️ Audit-Proof Your Receipts in 60 Seconds
🎉 New 2026 Tax Perks for Seniors in Real Estate
If you or someone you know is 65 or older, the IRS has made the standard tax break even better for 2026!👉 Here’s what’s new: - The standard deduction for 2026 has increased — meaning lower taxable income for everyone. - On top of that, seniors (age 65+) can now get an extra standard deduction of ~$2,050 if single (and ~$1,650 per spouse if married). - Plus! There’s a separate bonus deduction that allows seniors to deduct an additional $6,000 (or $12,000 if both spouses qualify), regardless of whether they itemize. - These tax changes can make a big difference in how much you keep from your hard‑earned income as a real estate professional! Do you know an agent age 65+ who could benefit from this? Tag them and share what tax strategy you’d recommend first!
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🎉 New 2026 Tax Perks for Seniors in Real Estate
🎟️ Is Your Fun Deductible?
Attending a local charity gala or a high-end community social event? If you’re there to network and hand out cards, your tickets and marketing materials can often be written off as business promotion. 👉 The Goal: Build your brand while supporting a cause. What is the next big community event on your calendar?
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🎟️ Is Your Fun Deductible?
Real Estate Agent = Business Owner
Do you feel you’re taking full advantage of being self-employed as an agent? Why or why not?
Poll
2 members have voted
Bonus Depreciation
If you could get a massive tax deduction this year, would you invest in a new car or new equipment first?
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Bonus Depreciation
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