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LEARNING CENTER

Maximize Rental Income: Using the Augusta Rule

The Augusta Rule, formally established in Section 280A(g) of the Internal Revenue Code, is a valuable tax strategy that permits homeowners to lease their personal residences for up to 14 days each year without having to declare the rental earnings as taxable income. This provision derives its name and historical significance from the esteemed Masters Golf Tournament, hosted in Augusta, Georgia. Given the town's scarcity of overnight accommodations, local homeowners often capitalize on this rule to accommodate the surge of visitors.Image 1

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