Legal and Finance Archives - RealTrends - Blog https://www.realtrends.com/blog/category/legal-finance/ Empowering Real Estate Decisions with Trusted Insights. Fri, 14 Mar 2025 14:38:28 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://www.realtrends.com/blog/wp-content/uploads/sites/9/2025/03/cropped-RealTrends_bug.png?w=32 Legal and Finance Archives - RealTrends - Blog https://www.realtrends.com/blog/category/legal-finance/ 32 32 242052225 How much should I set aside for taxes as a real estate agent? https://www.realtrends.com/blog/2024/12/12/how-much-set-aside-for-taxes-real-estate-agent/ https://www.realtrends.com/blog/2024/12/12/how-much-set-aside-for-taxes-real-estate-agent/#respond Thu, 12 Dec 2024 18:40:02 +0000 https://www.realtrends.com/blog/2024/12/12/how-much-set-aside-for-taxes-real-estate-agent/ For real estate agents, being responsible for your tax obligations is a key part of managing your income in the industry. Without the automatic withholdings traditional employees have, it’s up to you to ensure you’re saving the right amount for taxes. A good rule of thumb? Set aside 25%–30% of your commission income. This percentage […]

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]]> https://www.realtrends.com/blog/2024/12/12/how-much-set-aside-for-taxes-real-estate-agent/feed/ 0 4764 When will you stop juggling taxes, bookkeeping, and payroll? https://www.realtrends.com/blog/2024/12/02/when-will-you-stop-juggling-taxes-bookkeeping-and-payroll/ https://www.realtrends.com/blog/2024/12/02/when-will-you-stop-juggling-taxes-bookkeeping-and-payroll/#respond Mon, 02 Dec 2024 23:11:19 +0000 https://www.realtrends.com/blog/2024/12/02/when-will-you-stop-juggling-taxes-bookkeeping-and-payroll/ As a real estate professional, do you feel like you’re perpetually playing catchup with taxes and budgeting? Troy Palmquist offers 3 fintech solutions that can change the state of your finances. Real estate agents love to trot out the talking point that they “help clients manage the buying and selling of their most valuable asset.” […]

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]]> https://www.realtrends.com/blog/2024/12/02/when-will-you-stop-juggling-taxes-bookkeeping-and-payroll/feed/ 0 4755 A Free Spreadsheet for Real Estate Agents to Track Expenses https://www.realtrends.com/blog/2024/12/02/real-estate-agent-expenses-spreadsheet/ https://www.realtrends.com/blog/2024/12/02/real-estate-agent-expenses-spreadsheet/#respond Mon, 02 Dec 2024 20:04:39 +0000 https://www.realtrends.com/blog/2024/12/02/real-estate-agent-expenses-spreadsheet/ You’re at your desk, surrounded by crumpled receipts, credit card statements, and hastily scribbled notes of miles from driving to showings. Tax season looms, and all you can think is, “I could swear I had more expenses to deduct than this!” Keeping track of your tax-deductible expenses as a real estate agent can be a […]

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]]> https://www.realtrends.com/blog/2024/12/02/real-estate-agent-expenses-spreadsheet/feed/ 0 4753 The Complete Tax Deductions Checklist for Real Estate Agents https://www.realtrends.com/blog/2024/11/27/the-complete-tax-deductions-checklist-for-real-estate-agents/ https://www.realtrends.com/blog/2024/11/27/the-complete-tax-deductions-checklist-for-real-estate-agents/#respond Wed, 27 Nov 2024 20:23:26 +0000 https://www.realtrends.com/blog/2024/11/27/the-complete-tax-deductions-checklist-for-real-estate-agents/ Just as performing more transactions can increase your income, understanding how to apply your tax deductions as a real estate agent can significantly improve your bottom line. Agents can claim numerous deductions, including mileage at 67 cents per mile for 2024, home office expenses, and marketing costs. Knowing what deductions you’re entitled to can substantially […]

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