How to Spend Your Tax Refund
Finding out that you have a tax refund coming is welcome news. Who doesn’t love money? You’ve probably got big plans for those bucks once your refund comes.
If you’re like many Americans, you may be planning to spend your tax refund on:
- Paying down debt. Paying off credit cards, student loans or other debt can take time, but it’s a smart financial move to make. Using your tax refund to pay off debt can help you take a sizable bite out of what you owe. The quicker you can manage your debt, the easier it will be to tackle your other financial goals.
- Taking care of home or car repairs. Fixing that leaky sink or worn-out tires? Whether it’s something you’ve been meaning to do or preventative maintenance, upkeep for your home or car can quickly derail your budget.
- Making a special purchase. You might have your eye on something new for you or your family, such as a new TV or a computer for your kids to do homework.
H&R Block Has Got Your Back
At Block, we know it’s important for you to get your maximum refund amount. Our Tax Pros are dedicated to uncovering every credit and deduction, so you get back every dollar you deserve.Disclaimer number84. Scroll to bottom of page.
What About a Tax Refund Advance?
Imagine if a tax refund advance meant you didn’t have to wait for money?
You could turn your plans into reality sooner with a Refund AdvanceDisclaimer number109. Scroll to bottom of page. interest-free loan of up to $3,000 when you file your taxes at an H&R Block Office. How much sooner? Approved applicants could receive money the day they file.
You don’t even have to return to our offices to access the funds. If you are approved, we’ll simply text or email you the amount and load your Refund Advance to an H&R Block Emerald Prepaid Mastercard®.Disclaimer number110. Scroll to bottom of page. That means you have a convenient way to access your Refund Advance loan proceeds anywhere Debit Mastercard® is accepted.
The Refund Advance loan is offered in four amounts: $500, $750, $1,250 or $3,000 — enough to help you cover a variety of expenses while waiting for the IRS to issue your refund.
A Refund Advance Means Less Waiting and No Catch
Get funds earlier and spend them how you like. That may have you asking if there are strings attached. Here’s the deal—there are none. When you get a Refund Advance at H&R Block, you’re receiving a 0% interest loan with no loan fees. What’s more, applying for and receiving a Refund Advance will not affect your credit score.
The Refund Advance is only available until February 28. Don’t let it slip by you!
Should I itemize my deductions? If you're asking that question, H&R Block can help you find the answer. Learn more about itemizing deductions today.
Looking for ways to save money on tax prep? At H&R Block, you can file your 1040, 1040A and 1040EZ for free. Learn more today!
Going green can help you save green. Learn how eco-friendly renovations can help you save money through efficiency and tax incentives.
Do you qualify for a deduction if you volunteer? Get answers to your questions about volunteer deductions including mileage and maximize your return.