Image

Anthony Penree

Financial Advisor

 

ABC Company

45 Prospect Ave, Albany, NY 12206

 

Phone:  518-870-1081

 

Email: apenree@ltmclientmarketing.com

Website: ltmclientmarketing.com

January/February 2020

Check Your Tax Withholding

Check Your Tax Withholding

Do you look forward to receiving a substantial tax refund this year? Or do you dread writing a big check to the IRS because you didn’t pay enough throughout the year? If you can identify with either of these scenarios, the amount you are withholding is not right. But you can do better next year.


The start of a new year is a good time to make sure you have the right amount of money withheld from your paycheck. You may want to withhold less if you consistently receive refund checks or more if you have untaxed funds from a side job or other income. Marriage, pay raises and new deductions could also warrant a change.


Know that you could owe the IRS a penalty and interest when you underestimate taxes. To change your withholding, ask your employer for a W-4 form and add allowances to withhold less or request fewer allowances to withhold more.


The IRS website offers a withholding calculator that may be helpful: https://www.irs.gov/individuals/tax-withholding-estimator


SUBSCRIBE

Enter your Name and Email address to get
the newsletter delivered to your inbox.

Please include name of person that directed you to my online newsletter so I can thank them personally.


CONTACT US

Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.

ABC Company and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative. * Securities offered through ABC Company, Member SIPC, 45 Prospect Ave, Albany, NY 12206.

The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.