“It’s not uncommon to see them with anywhere from six to 12 months’ worth of expenses in their savings account,” said Rob Burnette, CEO and investment advisor representative at Outlook Financial Center.
If you owe federal income taxes, there’s a chance you also owe state income taxes. If you don’t have enough money to pay both bills, devote as much effort as possible to paying off one, said financial adviser Rob Burnette, the CEO of Outloo
This one can be confusing, but the rule of thumb is that “head of household tax filing status is chosen by unmarried taxpayers with qualifying dependents,” says Rob Burnette, an investment advisor representative, tax preparer and CEO of Out