Budget Vacation Ideas for Your Tax Refund

Budget Vacation Ideas for Your Tax Refund

Chances are, your tax refund is on the way. It may even be a sizable amount because the IRS reports that the average federal tax refund is in the neighborhood of average tax refund is nearly $3,000. That money can obviously put to use in a number of places, but there are some bad ways to spend a tax refund. Usually if you’re spending the refund on big-ticket items like electronics or a lavish vacation when you have more pressing financial issues is a bad idea, but if you aren’t dealing with credit card debt and have your financial house in order you can very well treat yourself to a little rest and relaxation on a budget. Full story

Tax Cheats: The Most Common Ways People Cheat On Their Taxes

Tax Cheats: The Most Common Ways People Cheat On Their Taxes

With a weak economy, this filing season has seen an astonishing increase in the amount of people cutting corners, attempting to collect the largest refund possible. In a recent article, CNN stated, “The IRS identified 335,341 tax returns claiming $1.9 billion in fraudulent refunds as of March 4, 2011, according to the findings of an audit conducted by the Treasury Inspector General for Tax Administration. Full story

Tax Free Friday: How to Spend Your Time Without Taxes Wisely

Tax Free Friday: How to Spend Your Time Without Taxes Wisely

April 15 is the unbudging, non-negotiable tax filing deadline – except for this year. In observance of Emancipation Day (Abraham Lincoln’s freeing of slaves in the District of Columbia) on April 15, 2011’s tax filing deadline has been moved to Monday, April 18. So yes, you could procrastinate and file sometime over that weekend – but why not use the time to your benefit? Consider all that you could instead do by finishing your taxes early. Full story