As a rental property owner, there are several tax deductions that you may be eligible to claim. These deductions can help lower your taxable income and potentially reduce the amount of tax you owe. Some common tax deductions for rental property owners include:

• Mortgage Interest: You can deduct the interest you pay on the mortgage for your rental property.
• Property Taxes: The property taxes you pay on your rental property are also deductible.
• Depreciation: You can deduct a portion of the cost of the property over time through depreciation.
• Repairs and Maintenance: Costs for repairs and maintenance of the rental property are generally deductible.
• Insurance: Premiums for insurance on the rental property can be deducted.
• Utilities: If you pay for utilities for the rental property, you may be able to deduct these expenses.

It's important to keep detailed records and receipts for all expenses related to your rental property in order to support your tax deductions. Additionally, tax laws and regulations may change, so it's advisable to consult with a tax professional or refer to the latest IRS publications for the most up-to-date information.