The Augusta Rule: How to Rent Out Your Home for Tax-Free Income
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The Augusta rule allows homeowners to rent out their primary residence for up to 14 days per year without paying federal taxes on the rental income. Originally created for Augusta, Georgia, residents during the Masters Tournament, this rule now benefits anyone using short-term rentals for extra income. However, it applies only to federal taxes-some states […] The post The Augusta Rule: How to Rent Out Your Home for Tax-Free Income appeared first on SmartReads by SmartAsset.
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