{"id":91598,"date":"2021-04-06T09:30:00","date_gmt":"2021-04-06T15:30:00","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=91598"},"modified":"2023-07-24T13:19:48","modified_gmt":"2023-07-24T19:19:48","slug":"hire-the-right-cpa","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/hire-the-right-cpa","title":{"rendered":"Nail Your Taxes by Hiring the Right CPA"},"content":{"rendered":"\n\n      <iframe loading=\"lazy\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC4739179980&#038;light=false\" width=\"100%\"><\/iframe>  \n\n\n\n\n<p>Being a small business owner is hard enough, but when you work for yourself in real estate, that struggle is taken to a whole other level. There are so many things to take care of and aspects to running a business that other people just don\u2019t realize need to be done.<\/p>\n\n\n\n<p>This means it\u2019s difficult to take care of everything on your own\u2014and it\u2019s important to delegate some of those responsibilities.<\/p>\n\n\n\n<p>There\u2019s nothing wrong with a do-it-yourself mentality. And while there are plenty of things you can do on your own in your real estate business, taxes and accounting probably shouldn\u2019t be among them. Why make April more stressful? In this case, you need the assistance of a qualified certified public accountant, or CPA. The sooner this is done, the easier it will be for them to get your business organized and prevent any issues when tax season comes.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<div id=\"hero-block_62ee867235a1c\" class=\"first:mt-0 hero-block py-4    has-background has-slate-300-background-color has-text-color has-slate-800-color\">\n    <div\n        class=\"gap-10 lg:gap-20 flex flex-wrap lg:flex-nowrap max-w-screen-xl mx-auto px-4 relative lg:items-center \">\n\n        <div class=\"relative z-30 lg:w-2\/3 \">\n            <main class=\"py-4\">\n                \n\n<p class=\"has-theme-slate-color has-text-color has-large-font-size\" style=\"font-style:normal;font-weight:800\">Dreading tax season?<\/p>\n\n\n\n<p class=\"my-3 md:my-5 lg:my-8 has-theme-slate-color has-text-color\" style=\"font-size:16px\">Not sure how to maximize deductions for your real estate business? In <em>The Book on Tax Strategies for the Savvy Real Estate Investor<\/em>, CPAs Amanda Han and Matthew MacFarland share the practical information you need to not only do your taxes this year\u2014but to also prepare an ongoing strategy that will make your next tax season that much easier.<\/p>\n\n\n\n<div id=button-custom-event-block_641384b1eb1d8 class='button-custom-event'>\n      <a\n    href=\"https:\/\/store.biggerpockets.com\/products\/tax-strategies-book-bundle?utm_source=blog&#038;utm_medium=blog%20banner\"\n        x-on:click=\"window.analytics.track('Blog Block | Publishing: Taxes Bundle', {\n      referrer: 'https:\/\/www.biggerpockets.com\/blog\/hire-the-right-cpa',\n    });\"\n    class=\" btn-shape inline-block no-underline has-background has-theme-gold-background-color has-text-color has-white-color\" target=\"_blank\">Get Yours Now<\/a>\n  <\/div>\n\n            <\/main>\n        <\/div>\n\n                <div class=\"lg:w-1\/3 first:mt-0 relative h-full lg:flex lg:items-center\">\n            <img decoding=\"async\" class=\"object-cover w-full relative z-20 my-0  rounded-md hidden lg:block\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2023\/04\/tax-strategies-books.png\" alt=\"\" title=\"\">\n        <\/div>\n            <\/div>\n<\/div>\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">What does a good CPA do?<\/h2>\n\n\n\n<p>There\u2019s a difference between being good with numbers and knowing how to organize financial documents and numbers in a manner that\u2019s both accessible and approved by the IRA. That\u2019s where a CPA comes in.<\/p>\n\n\n\n<p>To begin with, a good CPA will help you stay organized by gathering and organizing all financial documents into the appropriate files and spreadsheets. This gives you an accurate outlook on the money that\u2019s coming in and going out, what your tax returns and deductions look like, and what your current real estate holdings are.<\/p>\n\n\n\n<p>Also, a CPA offers some legal protection. They are trained to understand all kinds of laws and rules laid out by the IRS so you don\u2019t have any legal issues with your taxes or the money in your business going forward.<\/p>\n\n\n\n<p>On top of all that, a good CPA saves you money. They can help you allocate your money to the right places that will benefit your bottom line. So even though hiring a CPA is an upfront cost, it\u2019s one that will save you money long-term.<\/p>\n\n\n\n<p>Keep in mind that CPAs are more than just tax preparers. They are assets to your business overall. CPAs are tax professionals who help you organize and streamline your business to make sure your numbers make sense at every turn\u2014whenever you might need them. This helps you avoid any legal issues, like audits and fees.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Why should you should hire a CPA for your real estate business?<\/h2>\n\n\n\n<p>We\u2019ve already discussed how a good CPA will save you money long-term, but just as important as your money is your time. Dealing with the financial and legal aspects of a real estate business is time-consuming. On top of that, you have to actually run your business. That alone takes tons of time out of your everyday.<\/p>\n\n\n\n<p>Plus, if you\u2019re someone who isn\u2019t as well versed in all the things a CPA is meant to do, you\u2019ll need to spend even more time educating yourself on how to properly take care of these aspects of your business.<\/p>\n\n\n\n<p>If you have all that time on your hands, then great. But chances are, your focus is elsewhere, and finding a good CPA will take a huge stress off of your shoulders.<\/p>\n\n\n\n<p>Think of a CPA as a directory of money and legal knowledge. A good one can handle all the issues your real estate business may have in that regard and any questions or concerns with ease because they have experience, knowledge and understanding you don\u2019t have.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How to find a good CPA<\/h2>\n\n\n\n<p>Now that you know just how important a CPA is for your real estate business, you need to find one that works for you. Not every CPA will be the right fit, and there are a number of factors to consider when picking anyone to work for you and your business.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Specializes in real estate<\/h3>\n\n\n\n<p>Because you\u2019re looking for a certain kind of CPA, you\u2019ll need one that caters to your specific real estate needs. Do they have experience working with other investors? Do they understand real estate taxes specifically?<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Has the right credentials and accreditations<\/h3>\n\n\n\n<p>Once you find a CPA that understands real estate the way you need them to, you\u2019ll have to dig further to see if the rest of their paperwork and qualifications check out.<\/p>\n\n\n\n<p>Obviously, they need to have a license. Every year, tons of people pass CPA exams\u2014and that means they can pretty much do the job. Look for a CPA who\u2019s committed to their field and to learning as much as they can by checking out what other accreditations they earned after the exam, such as an Accredited in Business Valuation (ABV) credential or membership in they National Association of Tax Professionals or the National Association of Enrolled Agents.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Offers strong referrals and reviews<\/h3>\n\n\n\n<p>If you\u2019ve been working in real estate for some time, you probably have great connections who can refer you to a few CPA options. Aside from other real estate agents, you may know bankers or attorneys who may also be able to help. If that\u2019s not the case, there are plenty of online resources like directories, Google reviews, and Facebook groups you can use to make the right choice.<\/p>\n\n\n\n<p>But even with these options, don\u2019t just take other people\u2019s word for how good a CPA is. What\u2019s right for one person may not be what\u2019s best for you. It\u2019s up to you to make the best choice for your business.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Should your CPA invest in real estate, too?<\/h2>\n\n\n\n<p>It may not be important that your CPA invest in real estate unless that&#8217;s important to you, personally. What\u2019s most important is that your CPA understands real estate and that they have experience with real estate clients.<\/p>\n\n\n\n<p>If your CPA doesn\u2019t have recent history with real estate clients, chances are that they aren\u2019t up to date on IRS regulations and don&#8217;t know how to handle troublesome ones. They have no real estate knowledge to use for your benefit.<\/p>\n\n\n\n<p>And if they do invest in real estate, that&#8217;s fine\u2014but if they don\u2019t have the in-depth accounting-level knowledge you need, their investments don\u2019t mean much overall.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Questions to ask before hiring a CPA<\/h2>\n\n\n\n<p>Keep in mind that when you hire a CPA, it\u2019s all about how they will help your business long-term. Asking the right questions will help you understand how they can help your business.<\/p>\n\n\n\n<p>Here are some great questions to consider:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Do you have a PTIN (preparer tax identification number)?&nbsp;<\/strong>Every tax preparer should have a PTIN and should furnish this information to you. If they refuse to do so, seek out a different tax preparer.<\/li>\n\n\n\n<li><strong>What is your tax background?<\/strong>&nbsp;This question allows you to understand the risk in hiring the preparer. Are they new to the game? Do they have corporate experiences? Have they assisted clients in your trade or business?<\/li>\n\n\n\n<li><strong>What kinds of clients do you work with?<\/strong>&nbsp;Hopefully, they say real estate investors. If not, move on. You shouldn\u2019t have to teach the right CPA about your business.<\/li>\n\n\n\n<li><strong>Are you available year-round?&nbsp;<\/strong>As a business owner, you want to hire an advisor, not just a tax preparation service.<\/li>\n\n\n\n<li><strong>What\u2019s your experience with the IRS?<\/strong>&nbsp;Have they defended clients in an audit or provided written correspondence to substantiate the basis of a client\u2019s tax position?<\/li>\n\n\n\n<li><strong>Who will be performing the work?<\/strong>&nbsp;You want the CPA\u2019s expertise\u2014so you will also want to know if a junior accountant will be assigned to your account.<\/li>\n\n\n\n<li><strong>Are you financially conservative or more aggressive? Can you give me an example?&nbsp;<\/strong>Answer this for yourself, then see if the CPA matches your risk tolerance. If these don\u2019t match up well, it could lead to unnecessary disagreements down the line.<\/li>\n\n\n\n<li><strong>How do you bill for your services?<\/strong>&nbsp;Does the CPA charge a fixed rate or is it hourly? Are they transparent? Will they provide you with timesheets?<\/li>\n\n\n\n<li><strong>Do you use tax software?&nbsp;<\/strong>Using software mitigates risk for errors. Hopefully, your CPA does\u2014and is up-to-date on the latest software options, so you\u2019re always getting your best possible results.<\/li>\n\n\n\n<li><strong>Do you offer an initial consultation, or is there a charge?&nbsp;<\/strong>Reputable firms will provide you with a free consultation.<\/li>\n\n\n\n<li><strong>What records will you need from me?<\/strong>&nbsp;You will want the CPA to send you a tax organizer. Otherwise, there will be a lot of time wasted in back and forth communications.<\/li>\n\n\n\n<li><strong>Can I file electronically?&nbsp;<\/strong>Reputable firms have the ability to file electronically.<\/li>\n<\/ul>\n\n\n\n<p>Don&#8217;t overcomplicate your business my attempting to handle your taxes yourself. Instead, hire a competent CPA who can help you achieve your real estate investing goals.<\/p>\n\n\n\n  <div id=\"posts_lists-block_606b32e74e391\" class=\"  my-10\">\n    <div class=\"\">\n      <!-- Column One -->\n      <div>\n                  \n        \n        \n        <div class=\"grid grid-cols-1 gap-y-4 lg:gap-y-7 mt-5\">\n          \n<article \n\tid=\"post-134967\" \n\tclass=\"content-card mb-0 flex flex-col  post-134967 post type-post status-publish format-standard has-post-thumbnail hentry category-biggerpockets-daily category-real-estate-investing-for-beginners tag-business tag-business-comm tag-real-estate-investing-basics tag-taxes-2\">\n\n\t<header class=\"entry-header\">\t\t\t\n\t\t<!-- Image -->\n        \t\t\t<a class=\"post-thumbnail\" href=\"https:\/\/www.biggerpockets.com\/blog\/tax-considerations-real-estate\" target=\"\" aria-hidden=\"true\" tabindex=\"-1\" target=\"_blank\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"332\" height=\"225\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/03\/maximize-taxes-1-2-560x380.png\" class=\"size-card w-full  m-0 aspect-[68\/45] object-scale-down wp-post-image\" alt=\"Maximize Your Tax Returns This April With These Smart Maneuvers\" title=\"\">\t\t\t<\/a>\n\t\t        \n\n\t\t<!-- Content Wrapper -->\n\t\t<div class=\"py-4 \">\t\n                            <div class=\"flex gap-4 justify-between items-center\">\n                    <!-- Category  -->\n                                            <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/taxes\" class=\"transition-colors bg-themeBlue\/20 text-themeBlue-medium hover:bg-themeBlue hover:text-white px-2 py-1 mb-2 inline-block rounded-sm no-underline text-sm\" target=\"_blank\">Taxes<\/a>\n                    \n                                            <span class=\"text-sm text-gray-500 hidden lg:inline-block\">7 min read<\/span>\n                                    <\/div>\n            \n           <div class=\"flex gap-3 items-center my-2 flex-nowrap text-base\">\n                <!-- Avatar and Author Name -->\n                <img decoding=\"async\" src=\"https:\/\/bp-wp-migration.s3.amazonaws.com\/author_avatars\/676.jpg\" class=\"w-8 h-8 object-cover my-0 inline-block rounded-full\" alt=\"\" title=\"\"><span class='leading-snug text-slate-500 flex items-center'><span class='hidden whitespace-nowrap sm:inline-block md:hidden lg:inline-block pr-1'><span class='posted-on'><time class=\"entry-date published\" datetime=\"2021-04-01T13:30:00-06:00\">Apr 01, 2021<\/time><time class=\"updated\" datetime=\"2023-04-19T12:08:30-06:00\">Apr 19, 2023<\/time><\/span><\/span>&nbsp;<a href='https:\/\/www.biggerpockets.com\/blog\/contributors\/chrisclothier' class='no-underline line-clamp-1' target=\"_blank\">Chris Clothier<\/a><\/span>            <\/div>\n\n            <!-- Post title -->\n\t\t\t<h2 class=\"entry-title js-toc-ignore mt-4 mb-0 text-xl leading-snug text-left\">\n\t\t\t\t<a href=\"https:\/\/www.biggerpockets.com\/blog\/tax-considerations-real-estate\" rel=\"bookmark\"  \n\t\t\t\t\tclass=\"whitespace-normal no-underline font-bold  text-slate visited:text-slate hover:text-themeBlue\" target=\"_blank\">\n\t\t\t\t\tMaximize Your Tax Returns This April With These Smart Maneuvers\t\t\t\t<\/a>\n\t\t\t<\/h2>\n\t\t\t\n                        <p class=\"text-lg font-normal mt-3 text-slate-500 mb-1 line-clamp-3\">As real estate investors, we look for ways to reduce our effective tax rate. Here&#8217;s how to tap into under-utilized strategies so that you can maximize your success in real&hellip;<\/p>\n\t\t<\/div>\n\t<\/header>\n     <footer class=\"flex justify-between mt-auto\">\n        <!-- Comment Count -->\n        \t\t<span class='flex items-center space-x-2 text-sm' x-cloak x-data='commentCount()' :class=\"parseFloat(commentCount) < 1 || commentCount == '' ? 'hidden' : 'flex'\">\n\t\t\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-5 w-5 text-slate text-opacity-50\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M17 8h2a2 2 0 012 2v6a2 2 0 01-2 2h-2v4l-4-4H9a1.994 1.994 0 01-1.414-.586m0 0L11 14h4a2 2 0 002-2V6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2v4l.586-.586z\" \/>\n            <\/svg>\n\n            <span x-ref=\"comment_count\" class=\"disqus-comment-count text-slate text-opacity-80\" data-disqus-identifier=\"134967\">\n\t\t\t\t\t\t\t<\/span>\n        <\/span>\n\t    <\/footer>\n<\/article><!-- #post-134967 -->\n<article \n\tid=\"post-135242\" \n\tclass=\"content-card mb-0 flex flex-col  post-135242 post type-post status-publish format-standard has-post-thumbnail hentry category-real-estate-business-management category-biggerpockets-daily tag-business tag-incorporating\">\n\n\t<header class=\"entry-header\">\t\t\t\n\t\t<!-- Image -->\n        \t\t\t<a class=\"post-thumbnail\" href=\"https:\/\/www.biggerpockets.com\/blog\/house-flipping-business-entity\" target=\"\" aria-hidden=\"true\" tabindex=\"-1\" target=\"_blank\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"338\" height=\"225\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/02\/World-of-Galacticro.png\" class=\"size-card w-full  m-0 aspect-[68\/45] object-scale-down wp-post-image\" alt=\"What&#8217;s the Most Powerful Business Entity for House Flippers?\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/02\/World-of-Galacticro.png 1360w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/02\/World-of-Galacticro-300x200.png 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/02\/World-of-Galacticro-1024x682.png 1024w\" sizes=\"auto, (max-width: 338px) 100vw, 338px\" title=\"\">\t\t\t<\/a>\n\t\t        \n\n\t\t<!-- Content Wrapper -->\n\t\t<div class=\"py-4 \">\t\n                            <div class=\"flex gap-4 justify-between items-center\">\n                    <!-- Category  -->\n                                            <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/managing-scaling\/real-estate-business-management\" class=\"transition-colors bg-themeBlue\/20 text-themeBlue-medium hover:bg-themeBlue hover:text-white px-2 py-1 mb-2 inline-block rounded-sm no-underline text-sm\" target=\"_blank\">Real Estate Business Management<\/a>\n                    \n                                            <span class=\"text-sm text-gray-500 hidden lg:inline-block\">3 min read<\/span>\n                                    <\/div>\n            \n           <div class=\"flex gap-3 items-center my-2 flex-nowrap text-base\">\n                <!-- Avatar and Author Name -->\n                <img decoding=\"async\" src=\"https:\/\/bp-wp-migration.s3.amazonaws.com\/author_avatars\/23983.jpg\" class=\"w-8 h-8 object-cover my-0 inline-block rounded-full\" alt=\"\" title=\"\"><span class='leading-snug text-slate-500 flex items-center'><span class='hidden whitespace-nowrap sm:inline-block md:hidden lg:inline-block pr-1'><span class='posted-on'><time class=\"entry-date published\" datetime=\"2021-03-01T13:30:04-07:00\">Mar 01, 2021<\/time><time class=\"updated\" datetime=\"2023-03-29T09:53:00-06:00\">Mar 29, 2023<\/time><\/span><\/span>&nbsp;<a href='https:\/\/www.biggerpockets.com\/blog\/contributors\/scottsmith-2' class='no-underline line-clamp-1' target=\"_blank\">Scott Smith<\/a><\/span>            <\/div>\n\n            <!-- Post title -->\n\t\t\t<h2 class=\"entry-title js-toc-ignore mt-4 mb-0 text-xl leading-snug text-left\">\n\t\t\t\t<a href=\"https:\/\/www.biggerpockets.com\/blog\/house-flipping-business-entity\" rel=\"bookmark\"  \n\t\t\t\t\tclass=\"whitespace-normal no-underline font-bold  text-slate visited:text-slate hover:text-themeBlue\" target=\"_blank\">\n\t\t\t\t\tWhat&#8217;s the Most Powerful Business Entity for House Flippers?\t\t\t\t<\/a>\n\t\t\t<\/h2>\n\t\t\t\n                        <p class=\"text-lg font-normal mt-3 text-slate-500 mb-1 line-clamp-3\">If you\u2019re thinking of getting into the flipping business, make sure you do your homework before you get started. The way you structure your house-flipping business should be different than&hellip;<\/p>\n\t\t<\/div>\n\t<\/header>\n     <footer class=\"flex justify-between mt-auto\">\n        <!-- Comment Count -->\n        \t\t<span class='flex items-center space-x-2 text-sm' x-cloak x-data='commentCount()' :class=\"parseFloat(commentCount) < 1 || commentCount == '' ? 'hidden' : 'flex'\">\n\t\t\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-5 w-5 text-slate text-opacity-50\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M17 8h2a2 2 0 012 2v6a2 2 0 01-2 2h-2v4l-4-4H9a1.994 1.994 0 01-1.414-.586m0 0L11 14h4a2 2 0 002-2V6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2v4l.586-.586z\" \/>\n            <\/svg>\n\n            <span x-ref=\"comment_count\" class=\"disqus-comment-count text-slate text-opacity-80\" data-disqus-identifier=\"135242\">\n\t\t\t\t\t\t\t<\/span>\n        <\/span>\n\t    <\/footer>\n<\/article><!-- #post-135242 -->\n<article \n\tid=\"post-134896\" \n\tclass=\"content-card mb-0 flex flex-col  post-134896 post type-post status-publish format-standard has-post-thumbnail hentry category-tax-strategies category-biggerpockets-daily\">\n\n\t<header class=\"entry-header\">\t\t\t\n\t\t<!-- Image -->\n        \t\t\t<a class=\"post-thumbnail\" href=\"https:\/\/www.biggerpockets.com\/blog\/mortgage-interest-deduction\" target=\"\" aria-hidden=\"true\" tabindex=\"-1\" target=\"_blank\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"338\" height=\"225\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/01\/mortgage-interest-deductions.jpg\" class=\"size-card w-full  m-0 aspect-[68\/45] object-scale-down wp-post-image\" alt=\"Mortgage Interest Deductions 101: What You Should Know\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/01\/mortgage-interest-deductions.jpg 1200w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/01\/mortgage-interest-deductions-300x200.jpg 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2021\/01\/mortgage-interest-deductions-1024x683.jpg 1024w\" sizes=\"auto, (max-width: 338px) 100vw, 338px\" title=\"\">\t\t\t<\/a>\n\t\t        \n\n\t\t<!-- Content Wrapper -->\n\t\t<div class=\"py-4 \">\t\n                            <div class=\"flex gap-4 justify-between items-center\">\n                    <!-- Category  -->\n                                            <a href=\"https:\/\/www.biggerpockets.com\/blog\/category\/taxes\/tax-strategies\" class=\"transition-colors bg-themeBlue\/20 text-themeBlue-medium hover:bg-themeBlue hover:text-white px-2 py-1 mb-2 inline-block rounded-sm no-underline text-sm\" target=\"_blank\">Tax Strategies &amp; Deductions<\/a>\n                    \n                                            <span class=\"text-sm text-gray-500 hidden lg:inline-block\">5 min read<\/span>\n                                    <\/div>\n            \n           <div class=\"flex gap-3 items-center my-2 flex-nowrap text-base\">\n                <!-- Avatar and Author Name -->\n                <img decoding=\"async\" src=\"https:\/\/secure.gravatar.com\/avatar\/40f2b8973f072410a8f0ab6535c8d7580b44e645862b9df46384d0c142523448?s=150&#038;d=mp&#038;r=g\" class=\"w-8 h-8 object-cover my-0 inline-block rounded-full\" alt=\"\" title=\"\"><span class='leading-snug text-slate-500 flex items-center'><span class='hidden whitespace-nowrap sm:inline-block md:hidden lg:inline-block pr-1'><span class='posted-on'><time class=\"entry-date published\" datetime=\"2021-02-10T09:30:26-07:00\">Feb 10, 2021<\/time><time class=\"updated\" datetime=\"2024-07-04T04:11:46-06:00\">Jul 04, 2024<\/time><\/span><\/span>&nbsp;<a href='https:\/\/www.biggerpockets.com\/blog\/contributors\/chris-bibey' class='no-underline line-clamp-1' target=\"_blank\">Chris Bibey<\/a><\/span>            <\/div>\n\n            <!-- Post title -->\n\t\t\t<h2 class=\"entry-title js-toc-ignore mt-4 mb-0 text-xl leading-snug text-left\">\n\t\t\t\t<a href=\"https:\/\/www.biggerpockets.com\/blog\/mortgage-interest-deduction\" rel=\"bookmark\"  \n\t\t\t\t\tclass=\"whitespace-normal no-underline font-bold  text-slate visited:text-slate hover:text-themeBlue\" target=\"_blank\">\n\t\t\t\t\tMortgage Interest Deductions 101: What You Should Know\t\t\t\t<\/a>\n\t\t\t<\/h2>\n\t\t\t\n                        <p class=\"text-lg font-normal mt-3 text-slate-500 mb-1 line-clamp-3\">For homeowners and investors, the mortgage interest tax deduction can be a big help. Learn about the rules, limits, and how to claim it.<\/p>\n\t\t<\/div>\n\t<\/header>\n     <footer class=\"flex justify-between mt-auto\">\n        <!-- Comment Count -->\n        \t\t<span class='flex items-center space-x-2 text-sm' x-cloak x-data='commentCount()' :class=\"parseFloat(commentCount) < 1 || commentCount == '' ? 'hidden' : 'flex'\">\n\t\t\n            <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"h-5 w-5 text-slate text-opacity-50\" fill=\"none\" viewBox=\"0 0 24 24\" stroke=\"currentColor\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M17 8h2a2 2 0 012 2v6a2 2 0 01-2 2h-2v4l-4-4H9a1.994 1.994 0 01-1.414-.586m0 0L11 14h4a2 2 0 002-2V6a2 2 0 00-2-2H5a2 2 0 00-2 2v6a2 2 0 002 2h2v4l.586-.586z\" \/>\n            <\/svg>\n\n            <span x-ref=\"comment_count\" class=\"disqus-comment-count text-slate text-opacity-80\" data-disqus-identifier=\"134896\">\n\t\t\t\t\t\t\t<\/span>\n        <\/span>\n\t    <\/footer>\n<\/article><!-- #post-134896 -->        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n\n  ","protected":false},"excerpt":{"rendered":"<p>There are plenty of things you can do yourself for your business, but taxes and accounting shouldn&#8217;t necessarily be among them. Protect yourself, your business, and your assets by enlisting the assistance of a qualified CPA.<\/p>\n","protected":false},"author":59534,"featured_media":137204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4241,7119],"tags":[3639,209,7221,7238],"class_list":["post-91598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-business-management","category-biggerpockets-daily","tag-accounting","tag-business","tag-business-comm","tag-business-management-2"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/91598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/59534"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=91598"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/91598\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/137204"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=91598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=91598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=91598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}