Can you pay down the principal on a rental property to reduce your tax liability?

Paying down the principal will INCREASE your tax liability, because because you will have lower interest payments that are deductible....you will also OWN more equity in the property, and thus owe more net in Property taxes!

You are in DIRE need of some basic arithmetic lessons, and/or a better Tax Accountant, my innumerate friend!

To reduce your taxable rental income, spend money on maintenance. Whilst capital improvements are not deductible against rental income, repairs are. What about painting some walls and refinishing some floors? If you can find repairs that will reduce your heating and water bills, so much the better.

Not going to work. That extra payment is principal, not interest. You can deduct interest against income, but you can't deduct principal payments. Principal payments are equity in the property. You are already taking a deduction for that through depreciation.

no paying on the principle will do nothing for your combined taxes

you might make some improvements that could be considered expenses if you chose to bring your profit down on your rentals, thus also reducing your taxable income

You should set your rental up as a business and be able to deduct all taxes

and maintenance expenses without interfering with your personal income.

No. Principal payments on a mortgage are not an expense, only the interest is. You might better look at increasing or starting retirement accounts.

The amount you pay toward principal is not deductible for income tax..

No. It will only pay down your mortgage. To reduce your taxes you need more deductions.

Your question illustrates perfectly why so many people fail at being a landlord.

taxes are based on VALUE, NOT!!!!!!!!! what you owe on the property.