Real estate agents are rushing to spend money in an effort to claim any necessary real estate tax deductions.

Post-its and other office supplies won't add up to much of a difference in real estate tax write-offs, even when purchased in quantity.

So, here are five intelligent big-ticket products to think about that will advance your life and career while lowering your tax liability.

Write-Offs For Real Estate Taxes

Property Coaching

Having a coach by your side will make it easier for you to maintain your discipline, focus on what's important, and progress toward your objectives.

If you've ever wondered "Is real estate coaching a tax write-off?" then the answer is absolutely yes! You can deduct every penny of your coaching expenses from your income when filing your real estate taxes.

Although hiring a committed coach is not inexpensive, the best coaching firms back up their work with some sort of performance guarantee that will help you move your company to the "next level."

Medical Insurance

One of the largest expenses for any person or family is health insurance, and since you are an independent real estate agent, it's probable that you don't have access to a company plan to help you save money.

But as a self-employed independent contractor, you can write off the expense of your health insurance on your taxes!

You should be eligible for the write-off as long as you haven't chosen to leave an employer-sponsored plan.

Professional & Legal Services

As a business owner, you have a lot of duties that you COULD complete on your own, but it would be in your best interest to delegate them to a real expert. (Much like how you may warn a homeowner against using FSBO.)

And fortunately, a lot of those services are deductible from taxes!

I'm referring to professionals like your accountant, lawyer, business consultant, financial planner, etc.

Make careful to utilize the tax deductions for what you are paying for these services if you decide to use them.

Advertising Costs

Have you ever audited your entire arsenal of marketing collateral? All you have to do is arrange everything in front of you (remember to print some of your internet advertisements and social media postings), then ask yourself this one question:

Is everything here coherent? Is my branding a whole mess, or what?

The point is that a lot of real estate brokers never spend the effort to have their brand marketing materials professionally prepared.

But what's this? The expense is tax deductible if you do.

Consider seeing a personal branding expert create some much-needed continuity if your marketing audit leaves you with more questions than it answers.

Or perhaps it's time to place more orders for yard signs or drop-in gifts in an effort to increase your write-offs.

Training Courses & Events

The finest agents spend time working "on" their business rather than just "in" it, constantly growing their toolkits, increasing their knowledge, and doing so.

But learning doesn't take place in a vacuum. You must look for these educational chances. Investing in online training courses and attending potent training events are two tax-deductible methods to continue learning and developing.

In the upcoming 12 months, how many training events plan to attend? What courses are necessary for you to improve your abilities and expand your business?

It's hoped that this blog's discussion of real estate tax write-offs gave you some fuel for thought. As previously said, this advice is thought to be accurate as of press time, but tax law can change from year to year and from state to state, therefore we suggest you to consult a tax expert before acting.