Tax Refund: Invest My Tax Return

One option I have is to save it up for my truck that I really want to lift and add a muffler to. My second option is to spend it on some new pairs of shoes

Furthermore, to minimize your federal tax liability, it is important to be prepared if the IRS decides to re-compute your personal income or the income at a

If taxes withheld are greater than the amount due, then you will receive a refund.

I understand the taxes part of it, but I also have medical bills and I thought that was there to be used incase I needed the funds for medical expenses.

Whether you 've saved $10,000 or came into it another way, you may want to look at the best way to invest it for your future. This is a great amount to start with and there are many options of what can be done with it. Before deciding on one, consider the options below and what may be best for you. You never know what will happen and having a plan for money is the best thing you can do for you and your family 's future.

Cindy Loo Hoo was born on January 1, 1969. She resides at 543 Apple Crescent, Winnipeg, Manitoba, R2G 1A1. Her telephone number is (204) 277-7777 and her Social Insurance Number is 111 000 111.

The direct deposit method, not surprisingly, is always the quicker option. The Federal 1040 form contains a section where consumers can opt for a direct deposit. If you want the IRS to electronically deposit your refund into more than one account you will need to file a separate form 8888.

The first thing I am going to do is unselfishly pay 50,000 dollars off my parent’s house and our cars. I am choosing to pay part of their debt because they have sacrificed so much for my siblings

They (government) used it on Social Security, defense, and nondefense items like schools, transportation and housing assistance. The importance of paying taxes is something US Citizens and residents should understand. We wouldn't have public schools that are funded enough, our roads would look like rocks stacked together, and our elderly would struggle to live. Just by ourselves, we wouldn’t be able to pay constantly for things we need, but putting our money together as a nation makes us have these things. Though paying taxes is one way to help your country, over two million personnel are employed in the US Military according to the Department of

A simple way to improve the effectiveness of the tax cuts would be to lower the rate more for the middle class and to increase the corporate tax rate by a small amount. The new federal tax plan lowers tax rates overall, however, it is most beneficial to the highest tax brackets and corporations. Instead, the government should focus on lowering taxes for the middle class who will invest in the economy. The new tax plan is based on the theory of trickle-down economics which assumes people will spend their extra money therefore investing in the economy. The middle class is the most likely to spend any extra money, which grows the economy. Focusing tax cuts on the middle class would make the tax plan more effective as they will spend the extra money, “The most significant tax cuts should go to the middle class who are more likely to spend

I can save my earnings and invest in my business. I can save money from odd jobs that I do and from my tax return. Pus, saving money from my Pell Grant to buy goods and resale them online making a profits. Only after I have enough saved I can use the money to finance a brick-and-mortar establishment. My purpose is to not have to pay any monies out with interest.

Individual Retirement Accounts (IRAs) are another way to save for retirement. They can be used independently or in conjunction with a 401K plan. Funds are deposited after taxes have been withheld so there is no tax due upon withdrawal in retirement. IRA contributions can be withdrawn without penalty if you face a financial hardship such as losing your home or significant medical bills.

Save your windfalls and tax refunds. Every time you receive a windfall, such a work bonus, inheritance, contest winnings, or tax refund, put a portion into your savings account.

People are always wondering about how to invest their surplus cash and make it grow. It is most definitely a wise idea to invest the extra money in the right places rather than letting it go stagnant.

     “The most crucial retirement investing advice anyone can give is really quite simple: Start early, max out your 401(k), and