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