Maximize Your Tax Savings: The Ultimate Guide for Realtors As a realtor, you’re running a business. That means you have the opportunity to claim a variety of tax deductions that can significantly reduce your taxable income and keep more of your hard-earned commission. Here are the top tax deductions every real estate agent should know: 1. Vehicle and Mileage Deductions If you’re constantly driving to showings, client meetings, and open houses, your vehicle expenses can add up quickly. The IRS allows you to deduct either the standard mileage rate (65.5 cents per mile for 2024) or your actual car expenses (gas, maintenance, insurance, and lease payments). Keep a detailed mileage…