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TAX TIPS: Tax savings contributions to retirement plans

TAX TIPS: Tax savings contributions to retirement plans

BY ROSALYN PARTIN, MANCHESTER H&R BLOCK Contributions to retirement accounts can be a great way to reduce your taxable income and thereby reduce your tax. Many employers offer retirement plans such as 401K, SEP, or Simple plans. These employer sponsored plans allow the employee to contribute a portion of their taxable wages into their retirement account, thus deferring the tax on the income until the money is withdrawn from the account. An added benefit of these plans is when the employer also contributes to the employee’s account as a matching contribution. Contributions may also be made to Individual Retirement...

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Authorities investigating alleged financial crimes at Davis Homes in Warren County

Authorities investigating alleged financial crimes at Davis Homes in Warren County

Warren County Sheriff’s Department, at the request of the 31st Judicial District Attorney’s Office, is investigating financial crimes involving Davis Homes in Warren County. Through the investigation, multiple victims were found to have paid large sums of money to Davis Homes in return for homes – but victims have not received anything. Furthermore, it was discovered by investigators that some victims were paying deposits while waiting to be approved for financing and did not get the deposit refunded when they were not approved for credit. In addition – more individuals have been identified as never receiving titles to their...

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Tennessee statewide unemployment drops for 5th straight month; virtually identical to pre-pandemic levels

Tennessee statewide unemployment drops for 5th straight month; virtually identical to pre-pandemic levels

Tennessee’s employment situation improved again in October as the statewide jobless rate dropped for the fifth consecutive month. According to the latest data from the Department of Labor and Workforce Development (TDLWD), the state’s seasonally adjusted unemployment rate came in at 4.2% for the month. October’s rate is 0.2 of a percentage point lower than the previous month’s rate. Looking back one year, Tennessee’s unemployment rate was 7.8%, which is 3.6 percentage points higher than the current rate. This is the lowest unemployment has been in the state since March 2020, which was the last month before COVID-19 business...

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Coffee County authorities respond to chemical leak in Winchester

Coffee County authorities respond to chemical leak in Winchester

At approximately 7:30 a.m. Saturday morning, Coffee County District 6 Hazmat Team consisting of personnel from Manchester and Tullahoma Fire as well as Coffee County EMA personnel were requested to respond mutual aid to Winchester Utilities for a leaking Chlorine Gas Cylinder. Upon the teams arrival, technicians were suited up and sent in to ascertain the location and size of the leak. A special device was placed on the 1 ton Cylinder to stop the leak. Winchester Fire along with A&E Ambulance service were on scene as well to help with medical evaluations and decontamination of personnel who had...

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East Coffee Elementary, CCSD team up to collect food

East Coffee Elementary, CCSD team up to collect food

The Coffee County Sheriff’s Department and East Coffee Elementary School teamed up for a food drive – donating collected items to the Store House Food Pantry in Manchester. The East Coffee Safety Patrol was able to deliver and distribute donations that amounted to 762...

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BASKETBALL: Lady Raider Elli Chumley officially signs with Freed-Hardeman University

BASKETBALL: Lady Raider Elli Chumley officially signs with Freed-Hardeman University

On Friday, Nov. 19, 2021, CHS senior Elli Chumley officially signed her letter of intent to play college basketball at Freed-Hardeman University. — Thunder Radio photo by Josh Peterson Just two and a half hours before tipping off her senior season of high school basketball, Coffee County Central Senior Elli Chumley officially signed to extend her career into college. In front of a library full of friends, family and teammates on Friday, Nov. 19., Chumley signed on the dotted line to play at Freed-Hardeman University – honoring her verbal commitment she made three months ago. Chumley signed at 3:30...

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Overturned tractor trailer snarls Manchester traffic Thursday

Overturned tractor trailer snarls Manchester traffic Thursday

Traffic through Manchester and on Interstate-24 hit a major snag Thursday morning when a tractor trailer overturned near the eastbound 112 mile marker around 6 a.m. The overturned truck diverted traffic through town for hours and as of noon Thursday had interstate traffic backed up for about 8 miles, past the 105 exit. Photo from the scene of Thursday morning’s overturned tractor...

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State bill to end anonymous child abuse reporting will harm children, advocacy center says

State bill to end anonymous child abuse reporting will harm children, advocacy center says

The story below is an opinion piece written by Joyce Prusak with the Coffee County Children’s Advocacy Center. Imagine this situation: A step-father sexually abuses a 5-year-old girl. The mother has been suffering abuse from him for years, and when she finds out he abuses her daughter, she decides to make a report to the child abuse hotline. Do you think the mother will feel safe providing her name? Will she be scared? Will she be safe during the investigation, or will she be afraid he will retaliate against her, intensifying the abuse? Imagine this: You are the teacher...

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