Make the Most of Your Tax Refund

Many families aren't saving, or aren't saving enough. Tax time offers a unique and very powerful opportunity to boost savings and invest in the future. Consider filing your returns electronically and request that your refund be deposited directly into your bank account. If you don't have a bank account for an electronic deposit, as a nearby bank or credit union about establishing a low-cost savings account.

Splitting Refunds: Instead of depositing your refund into a checking or savings account and later moving part of your refund to another account, you can allocate your refund among up to three different accounts and send your money where you want it the first time. By splitting your refund you get the convenience of directing some of your refund to your checking account for immediate needs and sending some to savings for future use. Plus, you get the safety and speed of direct deport, meaning you will have access to your refund faster than if you opt to receive a paper check. Read more

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