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PROFESSIONAL SERVICES

Real Estate Agent Financial Plan

Taxes, deductions, income patterns & automation for real estate agents earning $40K–$120K.

Avg Income
$40K–$120K
Tax Form
1099-NEC / Schedule C
Category
Professional Services

Income Patterns

Commission-based, lumpy. Large payments followed by dry spells. Seasonal (spring/summer peaks).

Tax Obligations

Self-employment tax, quarterly estimated payments, may qualify for QBI deduction (20%), state licensing fees.

Self-employment tax of 15.3% applies on net earnings. Quarterly estimated payments (Form 1040-ES) are due April, June, September, and January.

Common Deductions

MLS fees, brokerage fees, marketing/advertising, vehicle mileage, client gifts, continuing education, lockbox fees.

Automation Opportunities

Commission tracking, lead follow-up sequences, expense categorization, quarterly tax escrow, CRM automation.

Frequently Asked Questions

How much do real estate agents make?

$40K–$120K per year. Commission-based, lumpy. Large payments followed by dry spells. Seasonal (spring/summer peaks).

What taxes apply?

Self-employment tax, quarterly estimated payments, may qualify for QBI deduction (20%), state licensing fees.

What can I deduct?

MLS fees, brokerage fees, marketing/advertising, vehicle mileage, client gifts, continuing education, lockbox fees.

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