November 15, 2016

Act Now to Avoid Tax-Time Surprises

Avoid tax-time surprises of large refunds or unexpected tax bills by bringing your estimated taxes in line with what you will actually owe: Check your withholding. If you’re an employee, work with your tax professional or use the IRS Withholding Calculator to check that your withholding is correct. Report any important life changes. If you’ve recently gotten married, had a child, gotten divorced, or added other dependents, you may need to adjust your withholding. If you have changed your name, make sure to file the change with the Social Security Administration to avoid errors at tax time. Have multiple sources of income? If you work multiple jobs or receive reportable income from other sources, you may need to make estimated tax payments. Consult your tax professional for help. To learn more about adjusting your tax withholding or paying estimated taxes, ask your tax professional or check Publication 505, Tax Withholding and Estimated Tax. Tip courtesy of
June 21, 2016
Tax Tip: Rules for Home Office Deductions

Summer Job? Don’t Forget About Taxes

Summer Job? Don't Forget About Taxes
May 24, 2016

VIDEO: Steps After Death or Divorce

Steps After Death or Divorce Steps After Death or Divorce Justin Goodbread, CERTIFIED FINANCIAL PLANNER (TM), with Heritage Investors, a wealth management firm in Knoxville TN addresses steps to take after death or divorce. So above we have given a video lecture about steps to be taken after death or divorce. If you not watched the video yet then watch it now. If you like the video and our article then please tell others about these and spread the knowledge, share it with your family and friends. Come regularly and read our blog and stay connected with us for more cool tips and knowledge.
March 31, 2016


WHEN SHOULD I START DRAWING SOCIAL SECURITY? You may be eligible to start drawing Social Security as soon as you turn 62, but this doesn’t mean you necessarily should. By waiting a few years, you will get a highly monthly payment and potentially more total income. So how do you decide? First off, look at how much you are bringing in without Social Security. WHEN SHOULD I START DRAWING SOCIAL SECURITY If you need Social Security to get by, then the decision is easy: Take it when you can. If you’re in the much happier situation where your family is earning good money without Social Security benefits (say your spouse is working a well-compensated job), then the decision is also fairly easy. Your Social Security in this case is going to be pretty heavily taxes, so don’t take it yet. But if all you care about is drawing the most Social Security you can before you die, the calculation is fairly simple. Let’s say you’re eligible to draw $1,100 a month when you turn 62, but you would get $1,500 a month when you turn 67. In this case, by starting at 62 you would make $66,000 before you reach 67 […]