3 Ways to Maximize your Tax Refund

3 Ways to Maximize your Tax Refund

3 Ways to Maximize your Tax Refund

What is the Money Date? A weekly time to check in. 3 things we review and update: 
1. Spending
 2. Earning 
3. Savings

“The avoidance of taxes is the only intellectual pursuit that carries any reward.” –John Maynard Keynes

In this week’s Money Date, we’ll examine smart moves for your tax refund. Specifically, we’ll look at three ways to maximize your tax refund.

Pay down/pay off high-interest rate debts

  • credit cards
  • student loans
  • home equity loans

Build up an emergency fund

Remember our rule of thumb: 3 to 6 months of income for emergency savings. Using your tax refund is a good way to beef up your “Curveball” account.

Retirement funds

We will all be retired someday … and we can always save a bit more in our retirement accounts!

  • don’t forget about catch-up contributions
  • Roth IRA, if income allows
  • Taxable accounts, earmarked for retirement
Anna Sergunina
Anna Sergunina

I'm Anna Sergunina, CFP®, President & CEO at MainStreet Financial Planning, Inc. My passion lies in serving others through financial planning, helping clients achieve their dreams like buying a home, saving for education, or retiring early. With over two decades in the industry and a CFP designation since 2009, I'm dedicated to excellence and continuous growth. Beyond work, I cherish moments with my son Liam, prioritize self-care, and engage in content creation for my Money Boss Parent Podcast and Money Library blog.

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