The Rental Property Calculator can be used to discover invaluable information about your potential rental property in an instant. Clicking the read more button below will provide an overview of the information that will become readily available at your fingertips.
How is rental income taxed? The short version
Rental income is taxed as ordinary income. This means that if the marginal tax bracket you’re in is 22% and your rental income is $5,000, you’ll end up paying $1,100. Here’s the math we used to calculate that tax payment: $5,000 x .22 = $1,100.
