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Put Your Tax Refund To Work With These 15 Tips
By Charlene Oldham of GOBankingRates |
While it’s tempting to view tax refunds as mad money to spend on summer vacations and shopping sprees, financial planners are quick to point out the funds represent a multibillion dollar loan that workers had withheld from their 2020 paychecks a little or a lot at a time.
“Many times, when people receive a tax refund, they tend to think of it as ‘free money’ to be able to spend and do whatever they want with,” said Jason Silverberg, a certified financial planner and author of “The Financial Planning Puzzle.” However, he and other experts offer these ideas to make the most of your tax refund.