A Simple Tax-Time Guide for Real Estate Agents (2026)

Tax season doesn’t have to be stressful. If you stay organized and know what to track, you can
save money and avoid surprises.

This simple guide will help you get ready for tax time—and stay ready all year.

Know Your Deadline
For the 2025 tax year, your taxes are due:
April 15, 2026
Missing this deadline can lead to penalties, so it’s important to plan ahead.
Understand How You’re Taxed
Most real estate agents are independent contractors.
That means:
 You pay your own taxes
 You owe self-employment tax (about 15.3%)
 You may also owe state taxes
Don’t Forget Quarterly Taxes
Taxes are not taken out of your income automatically.
You are expected to pay taxes four times a year:
 April 15
 June 15
 September 15
 January 15 (next year)
If you don’t pay enough during the year, you may owe penalties.

Track These Expenses
The best way to lower your tax bill is to track your business expenses.
Business Basics
 Home office (used only for business)
 Office rent
 License and renewal fees
 MLS and association dues
 Business insurance
Marketing Costs
 Signs and flyers
 Online advertising
 Website costs
 Photography and staging
Technology & Tools
 CRM systems
 Lead generation tools
 Phone and internet (business portion)
 Computer and software
Travel & Driving
 Mileage
 Gas and maintenance (if using actual expenses)
 Parking and tolls
 Flights and hotels
Tip: Mileage is one of the biggest missed deductions.
Meals & Gifts
 50% of business meals
 Up to $25 per client for gifts
Education
 Classes and CE courses
 Certifications and designations
 Industry subscriptions

Professional Services
 CPA or tax preparer
 Legal fees
 Bookkeeping
Health & Retirement
 Health insurance
 Retirement contributions (SEP-IRA, Solo 401k)
 HSA contributions
Stay Organized All Year
The agents who save the most money are the ones who stay organized.
 Track expenses monthly
 Keep receipts (digital is fine)
 Use a separate business account
 Record mileage regularly