Real Estate Agent Tax Deductions (2026): What Qualifies, and the Rule Behind It
Sep 15, 2026
Most lists of real estate agent tax deductions are twenty bullet points and no citations. This one attaches the code section or regulation to each rule, because what usually decides a deduction is substantiation rather than eligibility.
Three things here will be new even to agents who have filed for years. The 2026 standard mileage rate changed on 1 July, so a single-rate log for this year is wrong. Meals you furnish to W-2 staff on your premises for your own convenience stopped being deductible on 1 January 2026. And the publication half the internet still cites for business expenses has been discontinued. If you are also weighing real estate coaching, the tax side is worth settling first, because it is money you have already earned.
I am a Realtor, not a CPA, an attorney or an enrolled agent. This is educational content about published federal rules, not tax advice, and nothing here is a substitute for a professional who has seen your actual return. Each rule below is tied to the code section, regulation or IRS document behind it, so you can check it or hand it to your accountant. State rules differ on several of these items and I say so where it matters.
- The 2026 mileage rate is two rates. 72.5 cents through 30 June, then 76 cents from 1 July. Split your log at midyear or you under-deduct the second half.
- Your pre-licensing course is not deductible. It qualified you for a new trade, which the regulation excludes. Renewals, CE and designations after you are licensed are.
- Client gifts cap at $25 per person per year. Unchanged since 1962 and not indexed. A $1,000 closing gift is deductible to the extent of $25.
- Open house food for the general public is 100 percent deductible, not 50. An invitation-only client event does not qualify.
- A home office that is your principal place of business makes almost every mile deductible. That effect is worth more than the deduction itself, and needs a narrower test.
- New for 2026: meals you furnish to W-2 employees on your premises for your own convenience went from 50 percent deductible to zero, and the 1099 filing threshold jumped from $600 to $2,000.
- One sentence in the tax code decides everything
- The 2026 mileage rate changed in the middle of the year
- Mileage or actual expenses, and the doors that close behind you
- The home office, and why it is worth more than $1,500
- Work out your own deduction
- The education deduction almost every new agent gets wrong
- Dues, MLS and the part that is not deductible
- Client gifts and the $25 that has not moved since 1962
- Meals, open houses, and what changed on 1 January 2026
- Equipment, signage and staging
- Splits, referral fees and the 1099 threshold that jumped
- What this guide deliberately does not cover
- Frequently asked questions
One sentence in the tax code decides everything
Almost nothing an agent deducts has its own dedicated rule. There is no IRS publication naming MLS dues, desk fees, lockbox fees or staging. What there is instead is Internal Revenue Code section 162, which allows a deduction for the ordinary and necessary expenses of carrying on a trade or business. Ordinary means common and accepted in your line of work, necessary means helpful and appropriate, and that is the core of the test.
You report it on Schedule C, and you are there rather than on a W-2 because of section 3508, which treats a licensed real estate agent as a statutory nonemployee. It has three conditions: you are licensed, substantially all your pay is tied to sales output rather than hours, and you work under a written contract saying you will not be treated as an employee for federal tax purposes.
Most brokerages have you sign an independent contractor agreement as routine. If yours did not, section 3508 does not protect the arrangement. It is also a federal safe harbour only. It does not decide your status for state unemployment insurance, workers compensation or state wage law, and several states apply their own test.
If a source cites Publication 535, the source is out of date
Publication 535, Business Expenses, is the document most real estate tax articles still point at. The IRS discontinued it, and its own page says so, with the last revision made for 2022. Readers are routed to Publication 334, Publication 463, Publication 946 and Form 7206 instead. A 2026 article citing Pub 535 is citing an edition written for 2022.
IRC section 162; IRC section 3508; IRS Statutory Nonemployees page; About Publication 535. All read 15 September 2026.
The 2026 mileage rate changed in the middle of the year
This is the single most likely thing to be wrong on a 2026 return, and it is wrong in almost every article published this year.
| Period | Business rate per mile | Authority |
|---|---|---|
| 2025, full year | 70.0 cents | Notice 2025-5 |
| 2026, 1 January to 30 June | 72.5 cents | Notice 2026-10 |
| 2026, 1 July to 31 December | 76.0 cents | Announcement 2026-11 |
IRS Standard Mileage Rates page, read 15 September 2026. Announcement 2026-11 appeared in Internal Revenue Bulletin 2026-29 on 13 July 2026, states that the revised rates apply to expenses paid or incurred on or after 1 July 2026, and modifies Notice 2026-10.
So a 2026 mileage log has to be split at 30 June. An agent who drove 10,000 business miles in each half of 2026 deducts 10,000 at 72.5 cents and 10,000 at 76 cents, which is $14,850, not the $14,500 a single-rate calculation gives. Mileage apps configured in January will quietly use the old rate all year unless you check.
Publication 334 for 2025, in its What's New for 2026 section, still says 72.5 cents with no mention of the midyear change, because it was written before the announcement. If your accountant quotes 72.5 for the year, that is where it came from.
What the rate already covers, and what you add on top
The standard rate covers fuel, maintenance, repairs, insurance, registration and depreciation. Three things are deductible separately on top of it: parking and tolls attributable to business use, the business share of car loan interest, and the business share of state and local personal property tax.
The rate also does something quietly. Its depreciation component, 35 cents a mile for the first half of 2026, reduces your basis in the car, which matters when you sell it. The announcement for the second half did not restate that component, so I treat 35 cents as confirmed for the first half and unconfirmed for the second.
Mileage or actual expenses, and the doors that close behind you
You may deduct your car either at the standard rate per mile or by tracking actual costs and deducting the business percentage. An expensive vehicle driven modestly usually favours actual expenses, a cheap one driven hard favours mileage. What people get wrong is whether you can change your mind.
The switching rule, quoted rather than paraphrased
IRS Publication 463
Read that second sentence again, because many articles say the opposite. For a car you own, if you started with the standard rate, you are not locked in. Switching is not free: Publication 463 adds that if you move to actual expenses before the car is fully depreciated, you must estimate its remaining useful life and use straight line depreciation over it, subject to the depreciation limits. There are two genuine one way doors, and neither is the one people warn you about.
- If you use actual expenses in the first year and claim MACRS depreciation, section 179 or bonus depreciation on the car, the standard rate is barred for that vehicle for life.
- If the car is leased, whichever method you pick applies for the entire lease period.
The heavy vehicle write off, stated accurately
The claim you have seen is that an SUV over 6,000 pounds can be written off entirely in year one. It is half right, and the wrong half is the one people repeat.
| Vehicle | Section 179 limit | What actually happens |
|---|---|---|
| Passenger car at 6,000 lbs unloaded weight or under, or a truck or van at 6,000 lbs GVWR or under | Capped by section 280F | First year total is capped at $20,300 for 2026 with bonus depreciation, $12,300 without, before any reduction for personal use. The purchase price is irrelevant above that. |
| SUV rated above 6,000 lbs GVWR and not more than 14,000 | $32,000 for 2026 | Section 179 stops at $32,000, but 100 percent bonus depreciation has no cap, so the balance can generally come through bonus instead. |
| Pickup above 6,000 lbs GVWR with an interior cargo bed of at least six feet, or a qualifying cargo van | Not subject to the SUV cap | The 280F cap does not apply either. Below 6,000 lbs GVWR the first row governs, six foot bed or not. |
Section 280F caps from Revenue Procedure 2026-15. SUV limit from Revenue Procedure 2025-32 section 4.24. Exceptions from IRC section 179(b)(5)(B)(ii). Read 15 September 2026.
Section 179 and bonus depreciation on a vehicle both require more than 50 percent business use. Ordinary depreciation is not barred below that line but slows to the straight line alternative system, and dropping to 50 percent or below in a later year also means recapturing the excess already taken as income. Separately, section 274(d) requires contemporaneous records. A mileage log reconstructed in April from memory is the most common reason agents lose vehicle deductions on examination, even when the driving happened.
Bonus depreciation is now 100 percent and permanent for property acquired after 19 January 2025, so any article still reciting the old step down to 20 percent in 2026 is out of date. Used vehicles qualify too, provided it is your first use and you bought from an unrelated party.
The home office, and why it is worth more than $1,500
The deduction is modest. Its knock on effect on your mileage is not.
First, whether you qualify
The space must be used exclusively and regularly for business. Exclusively is strict: a desk in the corner of a room the family also uses does not qualify, though a separately identifiable area without a partition can. Then you need a qualifying use test, and for agents that is the administrative or management alternative: the space is used exclusively and regularly for administrative or management work and you have no other fixed location where you do substantial amounts of it.
You almost certainly have a desk at the brokerage. If you do substantial admin there, contracts, CRM work, bookkeeping, scheduling, the home office fails. If the brokerage gives you a hot desk you rarely use and the real work happens at home, it can qualify. Anyone who promises the deduction without asking where you actually work is not being careful.
Then, which method
| Simplified method | Regular method | |
|---|---|---|
| How it is computed | $5 per square foot, maximum 300 square feet | Actual costs allocated by business percentage, on Form 8829 |
| Maximum | $1,500 | No fixed cap |
| Depreciation | Deemed zero | Claimed on the business portion of the home |
| When you sell the house | No depreciation recapture | Depreciation is recaptured as unrecaptured section 1250 gain and is not sheltered by the main home exclusion |
| If the deduction exceeds business income | Excess is lost | Excess carries forward |
Publication 587; Revenue Procedure 2013-13; IRC section 280A(c)(1); Revenue Ruling 99-7. The $5 rate has not changed since 2013. Read 15 September 2026.
Both methods are capped at the gross income from the business use, reduced by the business deductions unrelated to the home, so neither can create a loss. You choose year by year, and the real trade is the recapture: the regular method deducts more now and hands you a bill on sale.
The part that is actually worth the money
Without a home office, the drive from your house to your first appointment and the drive home from your last one are generally commuting, which is not deductible. Revenue Ruling 99-7 makes exceptions even then, for a temporary work location outside your metropolitan area and, if you have a regular work location away from home, for a temporary work location at any distance. But if your residence is your principal place of business within the meaning of section 280A(c)(1)(A), the ruling goes further and lets you deduct daily transportation between your residence and another work location in the same trade or business, regular or temporary, at any distance.
That is a narrower condition than merely having a deductible home office. Publication 587 allows the deduction on two other grounds: a space where you meet clients in the normal course of business, and a separate structure. Either can give you the $1,500. Neither converts your commute, because neither makes the residence your principal place of business.
For an agent driving twenty thousand business miles a year, converting the first and last trip of every working day is worth far more than the $1,500 the home office produces, and that interaction is almost never the reason articles give for getting it right.
Work out your own deduction
This handles what most calculators get wrong this year: the 2026 mileage log splits at 30 June, and the halves are deducted at different rates.
Mileage at the two published 2026 rates, 72.5 cents to 30 June and 76 cents from 1 July. Home office at the simplified $5 per square foot, capped at 300 square feet, and it assumes you qualify, which is where most agents fall down. Tax saved has two parts: self employment tax at 15.3 percent of 92.35 percent of the deduction, assuming your profit stays below the $184,500 wage base, then income tax at your marginal rate on about 74 percent of the deduction rather than all of it, because a smaller profit also shrinks the deductible half of your self employment tax and the 20 percent qualified business income deduction on top of it. If the wage and property limitation costs you that 20 percent, the income tax saving is larger than shown. It ignores state tax, the 0.9 percent additional Medicare tax and the home office gross income limit. An estimate, not a return.
The defaults are an agent driving eighteen thousand business miles, a 150 square foot home office on the simplified method, and twelve thousand on everything else. At those miles, one rate for the year instead of two leaves $315 of deduction on the table. If the inputs look nothing like your year, what agents actually earn sets out how widely production varies.
The education deduction almost every new agent gets wrong
The regulation is 26 CFR section 1.162-5, and it turns on one distinction. Education that maintains or improves the skills of your present business is deductible. Education that qualifies you for a new trade or business is not, however directly it relates to what you now do for a living.
When you took it you had no real estate business. The course qualified you to enter one, which is exactly what the regulation excludes. The same applies to the initial licensing exam fee. It is the largest education expense a new agent has, the one they cannot claim, and nearly every list of realtor write offs tells them otherwise.
Once you are licensed and practising, the picture reverses. Licence renewal fees, mandatory continuing education, and designation courses such as GRI, CRS or ABR all maintain or improve skills in a business you already have, so they are deductible, as is coaching that makes you better at the job.
26 CFR section 1.162-5(b)(2) and (b)(3), read 15 September 2026.
If you are still in your first year, the first 90 days checklist is the better place to start, because the ordering of costs in those months decides which of them you ever get back.
Dues, MLS and the part that is not deductible
Association and MLS dues are deductible, and there is a better citation for it than most articles find. Section 274(a)(3) disallows amounts paid for membership in any club organised for business, pleasure, recreation or other social purpose. The regulation supplies the exception and real estate boards are named in it. That exception is conditional, so here it is in full.
26 CFR section 1.274-2(a)(2)(iii)(b)
The part of your dues that is not deductible
Section 162(e) disallows amounts paid for lobbying. Because associations lobby, a portion of your dues is not deductible, and under section 6033(e) the association must tell you what that portion is or pay a proxy tax itself.
| 2026 NAR national dues | Amount | Deductible? |
|---|---|---|
| National dues | $156 | All of it except the lobbying portion below |
| Non deductible lobbying portion | $55 | No. NAR computes this as 35 percent of the $156 |
| Consumer Advertising Campaign assessment | $45 | Yes, in full |
| RPAC contributions | Any amount | No. A political contribution, never deductible |
NAR's computation for 2026 national dues, as republished by member associations, read 15 September 2026. NAR's own dues page confirms the same $156 and 35 percent computation carries into 2027.
Those figures are NAR national only. Your state and local associations each compute their own non deductible percentage, they differ widely, and the number that governs is the one on your own billing statement. An article giving a single percentage for the whole dues bill is guessing.
MLS dues, MLS technology fees, E&O insurance, desk fees and lockbox fees are all deductible under the ordinary and necessary standard. None has a dedicated IRS rule, and I would rather say so than imply a blessing that does not exist.
Client gifts and the $25 that has not moved since 1962
Section 274(b)(1) limits the deduction for business gifts to $25 per recipient per year. That figure was set in 1962, it is not indexed for inflation, and the 2025 tax legislation did not touch it. In 1962 dollars it was a real gift. Today it buys a bottle of wine.
So the $1,000 closing gift you are proud of is deductible to the extent of $25. A gift intended for a client's household is generally treated as a gift to that client rather than to each person in it, so one closing gift to a couple you represented together sits under one $25 limit. Incidental costs such as engraving, packing and postage are generally left outside the limit, provided they add no substantial value.
Two ways around it, and one that does not work
- Items costing $4 or less that carry your name permanently imprinted and are distributed generally are not treated as gifts at all. Branded pens, notepads, keychains. No $25 cap.
- Promotional or display material for the recipient's business premises is excluded from the gift rules.
- Recategorising a closing gift as advertising generally fails. An engraved cutting board for one family is a gift, whatever line you put it on.
IRC section 274(b)(1), current text; exclusions from Publication 463. Read 15 September 2026.
Meals, open houses, and what changed on 1 January 2026
The rule that applies to food depends on who is eating it, and one changed this year.
| What it is | Deductible | Note |
|---|---|---|
| A meal with a client | 50 percent | You or an employee must be present, and it must not be lavish or extravagant |
| Entertainment | Nothing | Taking a client to a game has been fully disallowed since the 2017 act |
| Open house food for the public | 100 percent | Food made available to the general public falls under a specific exception |
| Meals furnished to W-2 employees on your premises for your convenience | Nothing, from 1 January 2026 | Was 50 percent. Section 274(o) reaches section 119(a) meals on the business premises and employer operated eating facilities. A restaurant meal with an assistant is not one |
| A genuine staff party or picnic | 100 percent | Social activities primarily for employees other than highly compensated employees stay outside the limit under section 274(e)(4) |
IRC section 274(n)(1), 274(a), 274(e)(4), 274(e)(7) and 274(n)(2)(A); Regulation section 1.274-11(b)(1)(ii) on separately stated food at an entertainment event; and section 274(o), enacted by the 2017 act and effective for amounts paid or incurred after 31 December 2025. Read 15 September 2026.
Open house refreshments are 100 percent deductible when the open house is genuinely open to the public, and almost every agent lumps them in with 50 percent meals. Section 274(o) runs the other way: if you have W-2 staff and buy the office lunch for the convenience of the business, that stopped being deductible on 1 January 2026. Two limits on it. The section was written into the code by the 2017 act with a delayed effective date, so the law did not change this year, only the date arrived. And a team of 1099 contractors is outside it entirely.
Tickets to a game with a client are not deductible. Dinner with that client afterwards is 50 percent deductible if billed separately, or stated separately on the same bill at the venue's usual selling price. Bundled into one ticket price, the whole thing is disallowed.
Equipment, signage and staging
Yard signs, riders, a camera, a drone, a laptop. Anything with a useful life beyond a year has to be capitalised and depreciated, which is why agents end up with depreciation schedules for a $900 camera. There is a simpler route almost no real estate tax article mentions.
Under 26 CFR section 1.263(a)-1(f), a taxpayer without an applicable financial statement may elect to expense low cost items outright, per invoice or per item, rather than capitalising them. Two details almost everyone gets wrong. The regulation itself says $500; the $2,500 figure people quote comes from Notice 2015-82, which raised it for tax years beginning on or after 1 January 2016. And the safe harbour requires an accounting procedure already in place at the start of the tax year treating such amounts as an expense, and that you actually expensed them on your books. You cannot decide in April that last year's camera was de minimis. Set the policy first and the election, attached to a timely filed return, takes the question off most equipment.
Staging is two different things
If you pay a stager to dress a client's listing, that is a marketing expense in the year you pay it. If you buy staging furniture and reuse it across listings, you have bought an asset. It is depreciable, or expensed through section 179, bonus depreciation or the safe harbour above, but it is not a current expense simply because it relates to a sale.
Listing photography, video, virtual tours, CRM and lead generation subscriptions all sit under the ordinary and necessary standard on Schedule C. None has a dedicated rule.
Splits, referral fees and the 1099 threshold that jumped
Brokerage splits, referral fees paid and transaction coordinator fees are deductible as commissions and fees. Two of them cost agents real money.
Check whether your 1099 is gross or net before you deduct the split
If your brokerage issues a 1099 for the gross commission, the portion it retained is a deduction and you claim it. If the 1099 reports only your net share, the split has already come out, and deducting it again counts it twice. Conventions vary. Reconcile the 1099 to your closing statements before you deduct a split.
The 1099 filing threshold more than tripled
| Payment year | Threshold for filing a 1099-NEC | What it means |
|---|---|---|
| 2025 | $600 | A $1,500 payment to a transaction coordinator required a 1099 |
| 2026 | $2,000 | The same $1,500 payment no longer does |
| 2027 onward | $2,000, possibly indexed | The instructions say it may be adjusted for inflation from 2027, which is permissive rather than certain |
Instructions for Forms 1099-MISC and 1099-NEC, read 15 September 2026. Corporations remain generally exempt from 1099 reporting.
If you receive referral income under $2,000 from a source that used to send a 1099, you may not get one in 2026. The income is still taxable and reportable. A missing form is not a missing obligation.
One caution that starts as a state question and can become federal. Paying a referral fee to an unlicensed person is a licence law violation in many states. Section 162(c)(2) can then deny the federal deduction too, but only where that state law is generally enforced and subjects the payer to a criminal penalty or the loss of a licence or of the privilege to do business.
IRC section 162(c)(2), current text, read 15 September 2026. Whether a particular state licence law meets those conditions is a question for a lawyer in that state.
What this guide deliberately does not cover
Four things sit next to deductions and get tangled up with them. Each turns on different rules.
- Whether to form an LLC or elect S corp status. An entity question about self employment tax, not a deduction question. An LLC does not create deductions. the LLC and S corp guide works through it.
- Health insurance premiums. The self employed health insurance deduction has its own rules, its own form, and a trap for anyone who has elected S corp status and pays premiums personally. the health insurance guide covers it.
- What the expenses actually cost. This guide is about what qualifies and how to prove it. For the dollar figures at named associations and MLSs, what it actually costs to be a Realtor has them.
- Retirement plan contributions. A SEP IRA or a solo 401(k) can be the largest deduction a good year produces, but it is claimed above the line rather than on Schedule C, and turns on contribution limits rather than substantiation.
State rules diverge on several of these items in ways that change the answer. A number of states decouple from federal bonus depreciation and cap section 179 far below the federal limit, so a vehicle you wrote off federally may still be depreciating on your state return. The qualified business income deduction reduces taxable income rather than adjusted gross income, so most states give no benefit for it. Many localities also tax independent contractors on gross receipts.
Getting all of this right protects money you have already earned. It does not produce more of it. If the harder problem is the number at the top of the return rather than the one at the bottom, that is what my real estate coaching program is built for.
Frequently asked questions
What is the 2026 standard mileage rate for real estate agents?
There are two rates for 2026. The IRS set the business standard mileage rate at 72.5 cents per mile for 1 January through 30 June, then raised it to 76 cents for 1 July through 31 December in Announcement 2026-11. A 2026 mileage log therefore has to be split at 30 June. An agent who drove 10,000 business miles in each half deducts $14,850, against the $14,500 a single-rate calculation produces.
Is a real estate pre licensing course tax deductible?
No. Under 26 CFR section 1.162-5(b)(3), education that qualifies you for a new trade or business is not deductible, and a pre licensing course does exactly that: before you take it you have no real estate business to maintain. The initial licensing exam fee falls the same way. Once you are licensed the position reverses: licence renewals, mandatory continuing education and designation courses such as GRI, CRS or ABR maintain skills in a business you already have.
Do real estate commissions count as tips under the new tip deduction?
No. The IRS list of occupations that customarily and regularly received tips on or before 31 December 2024 contains no real estate occupation, so commission income is not qualified tip income and the deduction does not reach it. The reason is that occupation list, not the specified service business carve out sometimes quoted: agents and brokers are expressly outside that category under 26 CFR section 1.199A-5(b)(2)(x).
Did the 20 percent qualified business income deduction expire after 2025?
No. Public Law 119-21, enacted 4 July 2025, removed the sunset and made the section 199A deduction permanent. It also widened the phase-in range and added a $400 minimum deduction for a taxpayer with at least $1,000 of qualified business income from active businesses in which they materially participate. Agents and brokers are expressly excluded from the brokerage specified service category by 26 CFR section 1.199A-5(b)(2)(x), so a high earner is not phased out on that ground, though the wage and qualified property limitation can still reduce the deduction.
How much is the home office deduction for a real estate agent?
Under the simplified method it is $5 per square foot of qualifying space, capped at 300 square feet, so $1,500 at most. The regular method has no fixed cap but requires Form 8829 and claims depreciation that is recaptured on sale. Either way the space must be used exclusively and regularly for business and fall within one of the qualifying uses in section 280A(c)(1). The larger federal benefit is indirect and needs a narrower test: only where the residence is the principal place of business within the meaning of section 280A(c)(1)(A) does Revenue Ruling 99-7 make the daily drives between home and work locations deductible rather than commuting.
How much can a real estate agent deduct for client gifts?
Business gifts are capped at $25 per recipient per year by IRC section 274(b)(1). That figure was set in 1962, is not indexed for inflation, and the 2025 tax legislation did not change it, so a $1,000 closing gift is deductible to the extent of $25. Incidental costs such as engraving, packing and postage are generally left outside the limit so long as they add no substantial value. Items costing $4 or less that carry your name permanently imprinted and are handed out generally are not gifts at all.
Can a real estate agent write off an SUV over 6,000 pounds in the first year?
Not the entire purchase through section 179. For 2026 the section 179 deduction on a sport utility vehicle rated above 6,000 and not more than 14,000 pounds gross vehicle weight is capped at $32,000. Bonus depreciation, 100 percent and permanent for property acquired after 19 January 2025, carries no such cap, so the balance can generally come through that instead. Both need more than 50 percent business use, with recapture if it later falls to 50 percent or below, and the contemporaneous records section 274(d) demands.
Are open house refreshments 100 percent deductible?
They are when the open house is genuinely open to the general public. Food made available to the general public falls under the exception in IRC section 274(e)(7), which section 274(n)(2)(A) keeps outside the 50 percent limit. An invitation only client event or an agents-only preview is not the general public, so it falls back to the 50 percent rule, or to the entertainment rules if the event itself is entertainment. Separately, IRC section 274(o) now disallows entirely the meals an employer furnishes to employees for its own convenience, for amounts paid after 31 December 2025.
Saad Jamil is a Top 1% Realtor with Samson Properties in Chantilly, Virginia, licensed in Virginia, DC, Maryland and West Virginia since 2007, with more than $500 million in career sales and 900+ homes closed. He is not a CPA, an attorney or an enrolled agent. His transaction record is on his Zillow profile.
Every figure above is sourced to the Internal Revenue Code, the Treasury regulations, an IRS notice, announcement or revenue procedure, or a current IRS publication, with the date each was read. Several 2026 rules here are new and one changed mid-year. State rules differ from the federal rules described. This is educational content, not tax advice. Confirm your own position with a professional who has seen your return before you file.
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