You can maximize your tax refund in several ways — from paying off high-interest debt to investing in a business or saving for retirement. One or more of these options could be the perfect fit for you.
By TURBOTAX STAFF
1. PAY OFF HIGH-INTEREST DEBT
Has a high-interest credit card balance been a thorn in your side? More HERE
2. UP YOUR 401(K) CONTRIBUTIONS
Put your tax refund toward everyday expenses… More HERE
3. INCREASE A HOME DOWN PAYMENT OR RESALE VALUE
If you’ve been saving for a home, use your refund to increase your down payment to avoid… More HERE
4. MAKE AN INVESTMENT
Perhaps you want to invest in real estate, a tech start-up or a stock you believe is about to soar, but you’ve been waiting … More HERE
5. MAKE INVESTMENTS THAT SAVE TIME AND MONEY
Dedicate part of your tax refund to a product or service that can save you time, money or a combination of the two. An example is … More HERE
6. OPEN A CREDIT CARD ACCOUNT WITH BENEFITS
As long as you’re debt free and pay off your credit card balances every month, you might want to invest in a card with… More HERE
7. GIVE A TAX-FREE ANNUAL GIFT
If you have a well-established financial portfolio and are near retirement age, you may want to consider gifting excess funds, such as… More HERE
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