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Save your tax refund for your future retirement. Consider using some or all of your tax refund to bump up your nest egg. You can include your retirement account routing information on your 1040 ...
Contributing to tax-advantaged retirement accounts like a 401(k) or an IRA is a powerful strategy to get money back, according to Mike Kojonen, founder and owner of Principal Preservation Services ...
Open an HSA. A health savings account is a triple-tax-free way to save for health-related expenses. You'll get a tax deduction on the amount you contribute, your earnings will grow tax-free and ...
Long-term savings goals: No matter your age, it’s never too early to set money aside for retirement. Investing your tax refund into an IRA or other type of retirement savings account can pay ...
For those without any savings, a refund as small as $500 can cover immediate essentials like a car repair or medical copay, offering a critical buffer against financial shocks.
In a GOBankingRates survey, 33% of respondents said they expect to receive a tax refund of more than $1,000 this year. And while some people intend to use that money for things like investing or ...
The largest group of the study’s respondents — more than 1 in 4 — plan to put their refunds into savings. ... “Add it to retirement savings in an individual or Roth IRA, 401(k) or another ...
2025 Tax Dates. Deadline. Jan. 15, 2025. The due date for your estimated tax payments for the 4th quarter, including income you earned from Sept. 1 through Dec. 31, 2024.