Augusta Rule: Tax-Free Rental Income

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Augusta rule

SmartAsset

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Business

Business & Economics

The Augusta Rule: How to Rent Out Your Home for Tax-Free Income

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81% Informative

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 designed to accommodate residents of Augusta who rented out their homes during the Masters Golf Tournament, this provision has since become a valuable tax strategy for homeowners across the U.S ..

SmartAsset 's free tool matches you with vetted financial advisors who serve your area.

The Augusta Rule: How to rent out your home for tax-free income.

Some states may still tax this income, which can cause differences between federal and state tax returns and make e-filing harder for self-filers.

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