Refinancing a rental property isn’t just a financing decision, it’s a tax strategy. Lower interest rates, better cash flow, or a cash-out refinance can unlock new opportunities, but only if you understand how refinancing affects mortgage interest deductions, depreciation, and taxable rental income. Too many investors refinance blindly and miss deductions or worse, create tax issues they didn’t see coming.Here’s a clear breakdown of how refinancing really impacts your rental property deductions and how to stay compliant while maximizing returns.