Tag Archives: Refunds

Smart Taxpayers Can Use Refunds, Stimulus to Pay Themselves Forward

San Mateo, Calif. (PRWEB) May 7, 2008

As economic stimulus payments hit the bank accounts of millions of Americans starting this month, Ethan Ewing, president of Bills.com (http://www.bills.com), reminds consumers that smart taxpayers will remember that tax refunds and economic stimulus payments are their money, being repaid by the government — and it’s worthwhile, he says, to make good use of that cash.

“This spring marks an especially rewarding — and therefore potentially risky — season for taxpayers who anticipate receiving a refund from the Internal Revenue Service. In addition to tax refunds that averaged $ 2,287 last year, most Americans will be receiving economic stimulus checks – up to $ 600 for individuals and $ 1,200 for couples,” Ewing said. “But remember: A tax refund is a return of your own money that the government claimed for you this past year. And the economic stimulus checks are also returned taxpayer dollars.”

Americans receiving substantial amounts back from the federal government have the opportunity to make a real difference in their financial picture. Ewing suggested eight ways to use tax and stimulus dollars:

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Freedom Debt Relief Offers Best Ways To Use Tax Refunds To Get Out of Debt


San Mateo, CA (Vocus/PRWEB) March 30, 2011

The U.S. federal income tax filing deadline is April 18, and many taxpayers who filed early are already receiving income tax refunds. That makes this the right time for those individuals to make smart moves to get out of debt, said Kevin Gallegos, vice president of Freedom Debt Relief, LLC (FDR).

The Internal Revenue Service indicates that 78 percent of U.S. individual taxpayers receive an income tax refund. In 2008, the most recent information available, the average individual refund was nearly $ 3,000. Many surveys find that about half of U.S. taxpayers who receive an income tax refund spend the money immediately. Others are more prudent and save their refund. But what is the smartest way to use a tax refund?

Freedom Debt Relief analyzed several top choices and prioritized them as they apply to most taxpayers:

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