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Top 10 property management tax deductions for 2025

Buildium

For example, you can deduct the rent and utilities you spend for an outside office or other workspace. 1, 2026 and is not available to employees. You can later switch to the actual expense method if you want. Deductions for Office Expenses The amounts you spend on your business office are deductible business expenses.

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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

For example, you can deduct the rent and utilities you spend for an office or other workspace outside of your home. 1, 2026 (but it could be extended) and is not available to employees. For business meals, however, you can only deduct 50% of the total cost. Basically, youre taxed on only 80% of business income.