- Days left

10 Smart Uses for Your Tax Refund

×
Tax refund checkBy Kimberly Lankford, Kiplinger


If you have a refund check coming your way, consider using it to bolster your personal balance sheet. The average refund has been around $3,000 for the past two years. (Most people receive their refund within three weeks of filing their returns.) That's a nice chunk of change. Here are 10 good things you could do with the money.

(But before you get to spending it, here's a thought: If your refund was substantial, consider giving yourself an immediate raise by adjusting your tax withholding to increase your take-home pay. Use our Tax Withholding Calculator to figure out how many allowances you should claim.)







More from Kiplinger


Increase your money and finance knowledge from home

Introduction to Preferred Shares

Learn the difference between preferred and common shares.

View Course »

Goal Setting

Want to succeed? Then you need goals!

View Course »

TurboTax Articles

Know The Key Dates For Health Care Reform

"Open enrollment periods for the health insurance marketplace under the Affordable Care Act are limited" says Mac Schneider, a retired certified public accountant from Albion, Michigan. ?Avoiding tax penalties requires awareness of important dates that may vary year-to-year.? As well as key dates, there are time cycles and coverage gap allowances important to health insurance coverage under provisions of health care reform.

Deducting Mortgage Interest FAQs

If you're a homeowner, you probably qualify for a deduction on your home mortgage interest. The tax deduction also applies if you pay interest on a condominium, cooperative, mobile home, boat or recreational vehicle used as a residence.

What Extra Tax Deductions Should I Make Sure To Take?

The federal government offers tax deductions and credits to reduce taxable income under certain circumstances. There are several that are often overlooked, including deductions for job hunting, caregiver expenses for dependents and children while you work, a credit to reduce taxes for moderate- to low-income earners and the premium tax credit associated with the Affordable Care Act. TurboTax can help determine if you qualify for these credits and deductions.

Add a Comment

*0 / 3000 Character Maximum

1 Comment

Filter by:
cqdeed

The only time I have ever had financial difficulties is when someone else was "helping" me spend my money. She is now an "ex".

March 27 2012 at 12:15 PM Report abuse +2 rate up rate down Reply