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Irs Tax Withholding Allowance

7 Ways to Spend Your Tax Refund Wisely

Jason Alderman | Posted 06.09.2014 | Business
Jason Alderman

If you ordinarily receive large tax refunds, consider withholding less and instead putting the money to work for you, by either saving or investing a comparable amount throughout the year, or using it to pay down debt. Your goal should be to receive little or no refund.

Big Tax Refunds Really Are Good

Mark Steber | Posted 03.25.2014 | Business
Mark Steber

For many taxpayers, the income tax return and corresponding income tax refund is the largest single financial transaction of the year -- both in size and complexity. It deserves focus and attention, both during the tax return preparation and afterwards managing the tax refund responsibly.

Should You Adjust Your Tax Withholding?

Jason Alderman | Posted 06.25.2012 | Money
Jason Alderman

Your goal should be to receive little or no tax refund next year. Better to use that money throughout the year to pay down credit card balances or other debt, build emergency savings, beef up your retirement plan contributions or invest it.

Put Your Tax Refund to Work

Jason Alderman | Posted 06.11.2012 | Money
Jason Alderman

If you carry balances on multiple cards, always make at least the minimum payments to avoid penalties. Paying down the highest-rate card first will save the most money overall, but some people find that paying off smaller-balanced accounts first is a better motivator.

Smart Uses for Your Tax Refund

Jason Alderman | Posted 06.08.2011 | Business
Jason Alderman

If you regularly receive large tax refunds, you're probably having too much tax withheld from your paycheck. Instead, you might want to withhold less and put the money to work for you.