| It's tax season again. The time of year when we go | | | | you will need some of that data to get access to |
| through all of the forms, documents, receipts, and | | | | your particular tax refund information. |
| Schedules A to Z to see how much we might get | | | | What are the Top 3 Ways to Spend My Tax |
| back. As soon as I filed my taxes this year I started | | | | Refund? |
| wondering when I would be able to pocket that | | | | Now that your refund is on its way, you have three |
| money. Like almost 75% of all Americans, I will be | | | | options. So what are the top three ways to spend |
| receiving a tax refund this year - and the average | | | | that Federal refund check? |
| refund for all filers is just over $2000. So just when | | | | |
| will I receive my Federal refund check and what is | | | | 1. Blow It - splurge on a new TV, a vacation, or |
| the best way to spend it? | | | | whatever you want |
| When Will I Get It? | | | | 2. Save It - start an emergency fund if you don't |
| That mostly depends on how you file and how you | | | | already have one, or pay off debt (especially |
| request your refund. See below: | | | | high-interest credit cards) to get your finances in |
| - If you e-file your tax return and select direct | | | | shape |
| deposit, you will typically receive your refund in 8 to | | | | 3. Invest It - roll it into an IRA or college-savings |
| 15 days | | | | fund; or better yet start a home business that will |
| - If you e-file and do not choose direct deposit or if | | | | pay dividends for years to come |
| your direct deposit information is inaccurate, you will | | | | Actually there are several legitimate home-based |
| usually receive your refund check within three weeks | | | | businesses that have such low entry costs that you |
| - If you mail in your tax return instead of e-filing, you | | | | could get started with the average tax refund. This |
| will normally receive your refund in six to eight weeks | | | | could turn a one-time refund check into a lifetime |
| To check on the status of your refund you can go | | | | income stream. |
| to the irs.gov site and click on the Where's My | | | | Just make sure to eliminate much of the risk involved |
| Refund? link or you can call the IRS Refund Hotline at | | | | by doing your research and asking the right questions |
| (800) 829-1954. It takes a while for your information | | | | to choose the business that is the right fit for you. |
| to be available in the IRS systems, so be patient; and | | | | Hmm... I wonder... when will I receive my Federal |
| have a copy of your tax return in front of you since | | | | refund check? I'd better go check that IRS site now. |