There are many tax deductions for landlords. One of the largest that you may qualify for is interest deductions. Because you are operating your own business by purchasing and renting property, you are able to claim deductions on that property. The largest of these deductions, for most property owners is the interest on their mortgages.

Those that have a mortgage can include the interest towards their tax filing. Other types of interest also can be considered such as interest from credit cards from expenses that are charged to it and other loans that you may have. For example, if you secure a loan to repair the roof, the interest could be deductible.

Although it may not seem like much, most landlords pay several thousand dollars worth of interest per year on property related loans. Take advantage of this benefit that the tax code has in place for your business.