CPA, CFP®, PFS · FL · Member since 2017 · 5k+ posts · 3k+ votes
The Augusta Rule (Section 280A of the IRS Code) lets you rent out your personal residence for up to 14 days a year without having to report that rental income on your taxes. That means tax-free money.
For business owners, this can be even more strategic: • Rent your home to your business for meetings or events • Deduct the rental expense from the business • Receive the income personally—without paying taxes on it
Key compliance notes: • Limited to 14 rental days per year • Must charge fair market rent for the space
This is a powerful, legal strategy to reduce business taxes and build personal wealth—especially when documented properly.