Why Tax Refunds Aren’t Fun Anymore

The typical advice about what people should do with their tax refunds — save for retirement! pay off debt! — ignores how little wiggle room many families have with their finances. Tax refunds averaged $2,895 last year, and were the largest single cash infusion received all year by 40% of the checking account holders recently... Liz Weston is a writer at NerdWallet.

BING NEWS:
  • Scammers called the IRS and stole $47 million in refunds, watchdog says
    Phony tax professionals made a real score when they called IRS phone lines to access sensitive taxpayer information, filed fraudulent tax returns and walked away with tens of millions of dollars in ...
    10/26/2024 - 12:31 am | View Link
  • New Airline Rules Simplify Refunds From Canceled Flights and Delayed Bags
    Significantly delayed baggage return: If you file a mishandled baggage report, you will be entitled to a refund of your checked bag fee if your luggage is not delivered within 12 hours of your ...
    10/25/2024 - 6:11 am | View Link
  • The DOT's new refund rules are here
    If your agency must provide the refund because it was the merchant of record, you must do so even if you are no longer holding the client's funds, and even if the airline fails to reimburse you. The ...
    10/24/2024 - 11:51 pm | View Link
  • How to manage your finances as a new immigrant to Canada
    Personal finance contributor Christopher Liew shares his advice for new immigrants to Canada -- from figuring out where to bank to learning about retirement plans.
    10/24/2024 - 10:00 pm | View Link
  • Baltimore man sentenced to 8 years of prison, supervision for tax scheme targeting senior citizens
    A Baltimore man was sentenced to 60 months in prison and three years of supervised release federal charges relating to a fraud scheme to obtain tax refunds using the identities of senior citizens.
    10/4/2024 - 4:35 am | View Link
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