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It quickly became clear why President Trump didnt want to share them.
How did he pay so little in taxes despite having significant income and wealth?
More importantly, how can you pull the same maneuvers?
Here areseven tax loopholes President Trump used that might benefit your tax filings, too.
Depreciation is one of the biggest tax advantages in real estate, said Austin Glanzer, owner of717HomeBuyers.
Its a strategy used by major investors like Trump, but everyday Americans can use it too.
This deduction offsets their rental income and other investment income, such as dividends or capital gains.
Commercial investors must spread the depreciation over 39 years.
That said, real estate investors can accelerate that depreciation through techniques such as cost segregation.
Many parts of the building, such as appliances, can be depreciated much faster.
That lets investors take a larger deduction in the first few years of ownership.
You dont have to go out and become a landlord, either.
By investing passively in real estate syndications, you get all the tax benefits without the headaches.
Consider joininga real estate co-investing clubto go in on these with other investors.
These come with some hoops to jump through, however.
Borrow, Dont Sell
Sure, you could sell an asset to cash out its value.
But then youd owe capital gains taxes.
What if you borrowed money against it instead?
Imagine you buy a rental property with a 15-year mortgage.
After 15 years, your property has appreciated by hundreds of thousands of dollars.
You want to cash that out, but you dont want to pay capital gains taxes.
So you take out a new 15-year mortgage and do it all over again.
Win, win, win.
Unless you actually do some business on the trip.
Imagine you attend a conference for part of that family vacation.
Or you meet with an important client or supplier.
Carry Forward Net Operating Losses
Businesses have up years and down years.
Sometimes, they manage to show losses on paper even while earning money.
Look no further than the business deduction example above.
Brummond helps illustrate how it works with an example.
Say you claim an NOL of $100,000 in 2025.
In 2026, you have $50,000 of income.
Bennett points out that the president has an answer for that as well.
Trump has employed trusts to keep his assets out of reach and limit taxes.
Trusts allow transferring wealth to future generations without the use of estate taxes.
The benefits dont end at taxes, either.
They also grant protection of assets against lawsuits.
Many high-net-worth individuals utilize these tactics to safeguard assets and reduce taxes on the assets.
You dont have to be ultra-rich to take advantage of the strategies that Trump uses.
Still, some of these cost more money to set up than others.
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