Owning a rental property can generate income and some great tax deductions. Here are five rental property tax deductions that should be on your radar.

Rental property owners can save money by deducting mortgage interest, depreciation, property taxes, and the cost of operation and maintenance.

While we’ve reviewed several rental property tax deductions above, the filing process gets more complicated if you use the rental property as your primary residence at any point in a given tax year.

If you're wondering whether you can deduct your rent on your taxes, the short answer is yes. You can deduct rent if you live in a state that allows it. However, only 22 states offer this type of ...