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Investment Property: How Much Can You Write Off on Your Taxes?

Zillow

Warning: This article is not going to make you an expert. You can't deduct capital investments like new buildings, additions or renovations. If you're in the 28% tax bracket, you'll pay a 28% tax on short-term capital gains. Depending on your marginal income tax bracket, these taxes could range from 0% to 15%.

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Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

I’ll save the details for another article, but I think you want to ask yourself: “Now that the American population knows the government has the ability to provide trillions of dollars of stimulus money in any given year, do you think they’ll elect politicians who choose to say ‘No More’ ? So, what did they do?