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The 4 Biggest Mistakes People Make With Their Tax Refunds

The Motley Fool

Image source: The Motley Fool/Unsplash Ah, tax time -- it's such fun to sit down with an accountant or tax-filing software and see if you underpaid or overpaid the government (which already knows your tax liability). Paying down low-interest debt So you've decided to pay off some debt with your tax refund.

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Here Are the 3 Biggest Fears That Americans Have About Filing Taxes

The Motley Fool

Image source: Getty Images Tax season can be a time of great trepidation for Americans, especially if you owe money to the IRS. Filing taxes can sometimes feel intimidating. No one wants to get hit with an unexpected tax bill, especially if you had big plans for a tax refund. You don't have to go it alone.

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Survey Shows: Top 8 Ways That Americans Want to Use Tax Refunds in 2024

The Motley Fool

Image source: The Motley Fool/Upsplash Do you have big dreams for your tax refund? According to IRS data, as of March 29, 2024, the average tax refund for 2024 was $3,050. There are many financial goals that you could devote that money to -- like emergency savings, paying off debt, or opening a CD. households.

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3 Tax Rules All Retirees Should Know

The Motley Fool

In an ideal world, workers would pay their tax debt to society and eventually be let off the hook by a certain age. But that's not how our tax system works. So it's important to know what taxes you may be looking at as a retiree. Rather, you may be taxed at the federal level depending on your provisional income.

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Here Are the Most Underrated Uses for Your Tax Refund

The Motley Fool

Image source: The Motley Fool/Upsplash The majority of Americans will have their annual tax return filed in a little over a month, and many are waiting for a refund. Before you book a vacation or buy a new wardrobe, though, take a look at some of the more underrated uses for tax refund dollars. You'll be more comfortable.

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5 Tips for Making a Dent in Your Debts in 2024

The Motley Fool

It's that time again when we're all buzzing with resolutions, and for many of us, improving our personal finances is at the top of the list. This is especially true for tackling one of the most common challenges we face: managing our debts. Think of debt as a puzzle that needs solving, not a shadow that follows you around.

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Got Your Tax Refund? 9 Smart Things to Do With It

The Motley Fool

Image source: The Motley Fool/Upsplash As of late February, the average tax refund issued by the IRS this filing season was $3,213. But no matter what refund you get on your taxes , it's important to make the most of that money. Read more: we researched free tax software and put together a list of the best options here 2.

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