Evansville Real Estate

4 Tax Deductions to Take Right Now Before They Disappear for Good

As you've no doubt heard, the U.S. tax code got an overhaul—so what does that mean for the 2017 return you're filing right about now? It means that this is your last chance to take advantage of tax deductions from the old tax code. Yikes!

So, if you aren't sure if you've milked every last drop of tax break goodness out of your returns, it's time to squeeze, hard.

To help you out, here's a rundown of four major tax breaks that are disappearing after this filing year, and how to take full advantage of them before they go bye-bye.

1. Home office

With the increasing popularity of telecommuting and working from home, the home office tax deduction is one that many people opt to take. If you're full-time self-employed, this deduction will continue in 2018. But for all you office workers who work in your "home office" on the occasional Friday? The gig is up.

"In 2018, for non-self-employed people, the home office deduction is going away entirely," says Eric Bronnenkant, CPA, CFP, and Betterment's head of tax.

So if you're a W-2 employee, start saying your tearful goodbyes to your home office deduction—but not after you've had one last hurrah filing your 2017 return. The home office deduction falls under what's called "miscellaneous deductions," and includes business expenses that are not reimbursed by your employer. Miscellaneous deductions can't exceed 2% of your adjusted gross income, but if you meet the requirements, you can take the deduction in 2017.

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Team McClintock Gives Back to the Albion Fellow Bacon Center

Albion Fellows Bacon Center-Team McClintock Gives BackTeam McClintock gives back $1,000 to Albion Fellows Bacon Center! A big thanks to our clients for your support and making it possible for us to give back to the community. Pictures from left, Carol McClintock, Rachel Herr Community Engagement Director, Ryan FortsonMindy Guthrie WordDavid Haire, Kristie Byrne, Director and Dina Brown with Team McClintock. 

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Ask The Expert - February 4, 2018

Real Estate Agent Carol McClintock with F.C. Tucker Emge Realtors joins Channel 14 WFIE's Midday with Mike host Mike Blake to discuss the 4 Tips to Help Your Home Sell This Spring and showcase a new listing. Carol is the leading real estate agent in Southwestern Indiana.

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Carol McClintock - Junior League of Evansville's Helen Klamer Philip Honoree

Congratulations, Carol McClintock! Carol has been honored by the Junior League of Evansville as their Helen Klamer Philip Honoree! We are so proud of your dedication to not only helping buyers and sellers with their homes, but your immense impact within our community. Thank you for all you do! 

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Market Watch - January 2018

We have a shortage of inventory in our market and homes that are priced well and in great condition are selling quickly. If you want to know what your home is worth - give Team McClintock a call today at 812-426-9020. #AskTheExpert #TalkToTucker

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