- Days left
From getting a Tibetan terrier puppy to saving for an engagement ring, here's how six people plan to spend their tax refund this year.


More from CNNMoney:


Increase your money and finance knowledge from home

Banking Services 101

Understand your bank's services, and how to get the most from them

View Course »

Understanding Credit Scores

Credit scores matter -- learn how to improve your score.

View Course »

TurboTax Articles

Video: Who Qualifies for an Affordable Care Act Exemption (Obamacare)?

The Affordable Care Act requires all Americans to have health insurance or pay a tax penalty. But, who qualifies for an Affordable Care Act exemption? Find out more about who qualifies for an exemption from the Affordable Care Act tax penalty, how to claim an exemption on your tax return and how the Affordable Care Act may affect your taxes with this video from TurboTax.

Video: How to Claim the Affordable Care Act Premium Tax Credit (Obamacare)

The Affordable Care Act Premium Tax Credit is a new refundable tax credit that can lower your monthly health insurance premiums. If you qualify for the tax credit, you can claim the Premium Tax Credit throughout the year to lower your monthly health insurance premiums, or claim the credit with your tax return to either lower your overall tax bill or increase your tax refund.

Deducting Summer Camps and Daycare with the Child and Dependent Care Credit

If you paid a daycare center, babysitter, summer camp, or other care provider to care for a qualifying child under age 13 or a disabled dependent of any age, you may qualify for a tax credit of up to up to 35 percent of qualifying expenses of $3,000 for one child or dependent, or up to $6,000 for two or more children or dependents.

What Is Schedule H: Household Employment Taxes

If you hire people to do work around your house on a regular basis, they might be considered household employees. Being an employer comes with some responsibilities for paying and reporting employment taxes, which includes filing a Schedule H with your federal tax return. But even if you have household employees, filing Schedule H is required only if the total wages you pay them is more than certain threshold amounts specified by federal tax law.

Add a Comment

*0 / 3000 Character Maximum

8 Comments

Filter by:
Robert Young

Probably spending their money on much higher gas and food prices caused by obama's marxist fiscal, monetary and regulatory policies

April 16 2013 at 1:21 PM Report abuse rate up rate down Reply
Michele

WHAT REFUND????? I'm a widow with no children at home so I just keep paying, and paying!

April 16 2013 at 9:48 AM Report abuse rate up rate down Reply
silverfawn

Bills, bills and more bills....

April 16 2013 at 9:11 AM Report abuse rate up rate down Reply
bubbarx99999

I will use it to help make up for the $2400 that un-Affordable Health Care is costing family my year.

April 15 2013 at 8:32 PM Report abuse +1 rate up rate down Reply
bakethis

It's not a refund, it's an over payment.

April 15 2013 at 6:57 PM Report abuse +1 rate up rate down Reply
teltech544

I put my money in my mattress. Hopefully the economy will get better after you know who gets done screwing the lower and middle classes over royally. But for now I am going to sleep on it. (Pun intended)

April 15 2013 at 6:38 PM Report abuse +1 rate up rate down Reply
crysssy

Paying bills with my small refund.

April 15 2013 at 4:52 PM Report abuse rate up rate down Reply
bobmc369

Not buying anything. Why pay more taxes? This is my money. I am using my refund to pay down and eliminate most of my debt. Putting the rest away as part of my future retirement expenses and Medicare (seeing the government is setting up to screw me later).

April 14 2013 at 2:16 AM Report abuse +2 rate up rate down Reply