February 6, 2013

4 Reasons to Save your Tax Refund

Emily Brandon writes: "Your tax refund is likely to be one of the biggest paydays you will get this year. There are many benefits to saving at least part of your refund, and sometimes you can get additional perks if you save in specific ways. Here are some great reasons to save your tax refund:
Buy savings bonds on your tax return.
Get a tax break with your IRA.
Never pay taxes again with a Roth.
Win a prize. If you save part of your tax refund for the future you may become eligible to win a prize. The Doorways to Dreams Fund, a nonprofit organization aimed at improving the financial security of low and moderate income consumers, is giving away a $25,000 prize and forty $250 awards to tax filers age 18 and older who save at least $50 of their federal tax refund using IRS Form 8888 at SaveYourRefund.com."
Get more info at: http://money.usnews.com/money/blogs/planning-to-retire/2013/02/05/4-great-reasons-to-save-your-tax-refund

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