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Here's What Happens When You Invest Your Tax Refund

The Motley Fool

16, 2024, the IRS had issued 20,883,000 tax refunds totaling $66.980 billion. These refunds are for taxes overpaid in 2023. RELATED: The Ascent's Complete Guide to Taxes Read more: we researched free tax software and put together a list of the best options here That is a lot of money to get in a lump sum.

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Getting a Tax Refund This Year? 5 Smart Ways to Use the Money

The Motley Fool

16, the average tax refund so far is $3,207. RELATED: Best Tax Software Read more: we researched free tax software and put together a list of the best options here Here are a few ideas for what to do with your tax refund this year. Consider investing it in a brokerage account , be it taxable or retirement (like an IRA).

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Is Your Health Insurance Deductible Too High for an HSA? Here's What to Do

The Motley Fool

Image source: Getty Images Getting a health savings account (HSA) is one of the best ways to pay for healthcare and invest for your future, while increasing your tax deductions. That means my family doesn't get to pay for healthcare costs with tax-deductible dollars in 2024.

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7 Reasons Buying $1,000 of This 7.8%-Yielding Dividend Stock Could Be a Brilliant Move

The Motley Fool

For example, Enterprise delivered a double-digit return on invested capital (ROIC) in every year since 2005. One drawback to keep in mind There's one drawback with investing in Enterprise Products Partners to keep in mind. That means it issues K-1 tax forms, which make tax preparation more complicated.

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Want Safe Income? This Stock Raised Its Dividend in the Last 8 Recessions

The Motley Fool

ITW Return on Invested Capital data by YCharts. The company has prudently acquired companies over the years (more than two dozen acquisitions), steadily increasing its return on invested capital (ROIC). Illinois Tool Works has an A+ rating from S&P Global , putting it firmly in investment-grade territory.

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This High-Yield Dividend Stock Is a Monster Passive Income Machine

The Motley Fool

The LP has delivered an average return on invested capital (ROIC) of 12% over the last 10 years. There is one drawback to investing in Enterprise, though. This can make tax preparation more of a hassle. Should you invest $1,000 in Enterprise Products Partners right now?

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Here's the Net Worth That Puts You in the Top 5% of American Households

The Motley Fool

Paying off credit card debt has one of the highest guaranteed returns on investment you can find. Another high return on investment opportunity is your employer's 401(k) match , if they offer one. You could receive an immediate return between 50% and 100% just by saving for retirement.