--- title: Top 10 Tax Deductions for Real Estate Agents description: CRR's Scheduling & Procurement Supervisor Holly Maguire, who has also worked as a licensed real estate agent, discusses the top 10 deductions for realtors. image: https://www.crradvisors.com/hubfs/AdobeStock_282399441.jpeg --- [Skip to content](https://www.crradvisors.com/blog/top-10-tax-deductions-for-real-estate-agents#main-content) [![CRR](https://www.crradvisors.com/hubfs/CRR.svg)Homepage](https://www.crradvisors.com) - [Home](https://www.crradvisors.com) - [Services](https://www.crradvisors.com/services) - [Audit & Assurance](https://www.crradvisors.com/services/accounting-auditing) - [Business Valuation](https://www.crradvisors.com/business-valuation) - [Client Accounting + Advisory Services](https://www.crradvisors.com/caas) - [Private Client Services](https://www.crradvisors.com/private-client-services) - [Tax for Businesses](https://www.crradvisors.com/tax-services-business) - [Tax for Individuals](https://www.crradvisors.com/tax-services-individual) - [Transaction Advisory](https://www.crradvisors.com/transaction-advisory-services) - [Industries](https://www.crradvisors.com/industries) - [Blog](https://www.crradvisors.com/blog) - [About Us](https://www.crradvisors.com/about-us) - [Team & Careers](https://www.crradvisors.com/about-us) - [CRR Charitable Foundation](https://www.crradvisors.com/crr-charitable-foundation) - [Contact](https://www.crradvisors.com/contact-us) - [Client Tools](https://www.crradvisors.com/client-portal) - [Home](https://www.crradvisors.com) - [Services](https://www.crradvisors.com/services) - [Audit & Assurance](https://www.crradvisors.com/services/accounting-auditing) - [Business Valuation](https://www.crradvisors.com/business-valuation) - [Client Accounting + Advisory Services](https://www.crradvisors.com/caas) - [Private Client Services](https://www.crradvisors.com/private-client-services) - [Tax for Businesses](https://www.crradvisors.com/tax-services-business) - [Tax for Individuals](https://www.crradvisors.com/tax-services-individual) - [Transaction Advisory](https://www.crradvisors.com/transaction-advisory-services) - [Industries](https://www.crradvisors.com/industries) - [Blog](https://www.crradvisors.com/blog) - [About Us](https://www.crradvisors.com/about-us) - [Team & Careers](https://www.crradvisors.com/about-us) - [CRR Charitable Foundation](https://www.crradvisors.com/crr-charitable-foundation) - [Contact](https://www.crradvisors.com/contact-us) - [Client Tools](https://www.crradvisors.com/client-portal) ![](https://www.crradvisors.com/hs-fs/hubfs/AdobeStock_282399441.jpeg?width=5103&height=3402&name=AdobeStock_282399441.jpeg) Tax Real Estate # Top 10 Tax Deductions for Real Estate Agents ![Holly Maguire](https://www.crradvisors.com/hs-fs/hubfs/Images/Company_Photos/Headshots/Maguire_Holly.png?width=48&height=48&name=Maguire_Holly.png) Holly Maguire October 29, 2020 For busy real estate agents, keeping track of every business expense, and figuring out which expenses are deductible, is probably last on your list of priorities. And it can be especially complicated for independent real estate agents, whose taxes are generally not withheld from commission checks, and who have additional tax liabilities as self-employed individuals. However, if you’re not tracking and deducting all of your eligible business expenses, you might be significantly lowering your net income. Below are the top 10 tax deductions that can help real estate agents minimize their tax liability: 1. **Commissions Paid** Any commissions that you paid to other agents or employees that you work with are generally fully deductible. 2. **Home Office** If you use your home office as your principal place of conducting business, you may be able to deduct a portion of your home expenses. 3. **Desk Fees** If you work under a national franchise or for an independent broker, your desk fees are deductible. However, if you take a deduction for desk fees, you will not be able to deduct any home office expenses. 4. **Office Expenses** Regardless of whether you take a deduction for your home office or for desk fees, you can still deduct other office-related expenses such as stationary, photocopies, and other items needed to run your business. 5. **Standard Auto** Real estate agents generally do a lot of driving to conduct their business, and these miles can be deducted. 6. **Marketing & Advertising Expenses** Reasonable advertising expenses that are directly related to your business, including marketing materials, staging, photography, and signage, can all be deducted. 7. **Education & Training** If you are taking classes or training courses to further your real estate career, you may be able to deduct your registration fees, related materials, and certain travel costs. 8. **Licenses & Memberships** Your state license renewal, MLS dues, and professional memberships fees (with the exception of the portion of membership dues attributable to lobbying and political advocacy) are all deductible expenses. 9. **Travel, Entertainment & Meals** When you are traveling for business, or entertaining or dining with clients or other professionals for the purpose of conducting business, you can deduct 50% of your total expenses. 10. **Client Gifts** Client gifts are deductible, although some stipulations do apply. By carefully tracking your business expenses, and applying the appropriate tax deductions, you can significantly minimize your tax liability and maximize your net income. If you have questions about tax deductions, leave a comment below, or feel free to contact me directly, I’m happy to help! ## Share this post [mailto:https%3A%2F%2Fwww.crradvisors.com%2Fblog%2Ftop-10-tax-deductions-for-real-estate-agents](mailto:https%3A%2F%2Fwww.crradvisors.com%2Fblog%2Ftop-10-tax-deductions-for-real-estate-agents) ## Keep reading ### [![](https://www.crradvisors.com/hs-fs/hubfs/AdobeStock_808994683.jpeg?width=4823&height=2412&name=AdobeStock_808994683.jpeg) Transaction Advisory Banks Banking What the SBA's New Quality of Earnings Rule Means for Your Next Deal](https://www.crradvisors.com/blog/what-the-sbas-new-quality-of-earnings-rule-means-for-your-next-deal) ### [![Staffing agency employees having a team meeting](https://www.crradvisors.com/hs-fs/hubfs/AdobeStock_1876259626.jpeg?width=7936&height=5291&name=AdobeStock_1876259626.jpeg) Staffing Staffing Series Week 4: What Staffing Agency Owners Should Know About the Work Opportunity Tax Credit (WOTC)](https://www.crradvisors.com/blog/staffing-series-week-4-what-staffing-agency-owners-should-know-about-the-work-opportunity-tax-credit-wotc) [![CRR](https://www.crradvisors.com/hubfs/CRR.svg "CRR")](https://www.crradvisors.com) *"CRR" is the brand name under which CRR, LLP and Bridgepoint Alliance, LLC, doing business as CRR Advisors, offer professional services to its respective clients in an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable laws, regulations, and professional standards. 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