What to Do if You Owe Taxes?

Описание: Nobody likes surprises during tax season, especially if it means you owe taxes. In this week's video, Casey discusses why you might owe money, what you can do about it, and why it might not necessarily be a bad thing. 

While getting a tax refund might feel good, it means you got less than you could have in each of your paychecks. Whatever path you choose, it's important to communicate with your tax and financial professionals through the year to make sure you aren't in for a surprise come tax time next year. 

#taxes #investing

0:00 - Owe taxes
0:44 - Under withheld
1:44 - Balance withholdings
2:15 - Effective tax rate
3:20 - Reasons why you owe
4:08 - Planning for next year

Mullooly Asset Management is a fee-only investment advisory firm located in Monmouth County, NJ. We work to educate our clients regarding managing the risk in their investments.

Tom Mullooly is an investment industry veteran of over 30 years. Prior to launching the "Mullooly Asset Show," Tom (along with his sons) recorded close to 200 podcasts and nearly 200 videos, which can be found on the site http://www.mullooly.net.

The "Mullooly Asset Show" is a new chapter in furthering the education of investors young and old. We answer questions and cover topics that YOU bring up. Our topics and questions range from those brought up by clients to those sent in by our viewers.

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