The Tax Benefits Of Real Estate Investing: Difference between revisions

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The IRS has set many tax deductions and benefits instead for citizens. Unfortunately, some taxpayers who earn a higher level of income can see these benefits phased out as their income ascends.

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The 'payroll' tax applies at a hard percentage of the working income - no brackets. Being an employee, pay out 6.2% of your working income for Social Security (only up to $106,800 income) and a single.45% of it for Medicare (no limit). Together they take one 7.65% of your income. There's no tax threshold (or tax free) regarding income to do this system.

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