How to Maximize Airbnb Guest Experience & Minimize Taxes

[Ashish Acharya]

Welcome to Airbnb season.

If you're managing a short-term rental this summer, you're not just a host but a business owner. And like any business, your success depends on how well you manage your guest experience and tax strategy.

Here are four smart moves to help you maximize your income and minimize tax liability:

1. Upgrade strategically
   Smart locks, luxury bedding, and stocked amenities can lead to more bookings, and they're often deductible as business expenses.
2. Track all operating costs
   From cleaning fees and utilities to landscaping and supplies, every legitimate business expense can reduce your taxable income.
3. Depreciate your property and improvements
   Don’t overlook depreciation. It allows you to deduct a portion of your property's value and major improvements annually, even if you're profitable.
4. Know the 14-Day Rule
   If you rent your personal home for 14 days or fewer per year, that income is 100% tax-free. No reporting required.

Smart hosting is smart tax planning.
Start now to protect your profits and avoid surprises at tax time.