Topic: Tax Planning Advice

Allowing the IRS to hold your money is a bad investment. If you should find yourself receiving one, though, you may be wondering how best ways to use it. Your tax refund can also be used to work towards your financial independence.

A tax refund is the return of your money, money that you’ve earned that the government has been holding. The issue with a large tax refund is that the money that has been withheld throughout the year could have been working for you all along.

Your first thought, spend it! But how? Let’s first sort through what we need to consider.

If you’re one of the millions of Americans who received, or are expecting to receive, a tax refund, you are probably trying to decide how to spend it.