Rent out your home and you may get a tax break

If you are going to be out of town this summer, consider renting your home while you’re gone. The IRS allows you to receive up to 14 days of rental income per year completely tax-free. There are other rental property/personal use rules that you’ll want to make sure to follow, especially if you plan on renting out a vacation home that you don’t live in for most of the year. Give us a call for details on how you can take advantage of this deduction.