The Smartest Ways to Spend Your Tax Refund
Editor’s Note: While our Refund Advance loan offer has ended, you can still read about the benefits of working with our Tax Pros to get your maximum refund with H&R Block.
Finding out that you have a tax refund coming is welcome news. Who doesn’t love money? You may be wondering how you could spend your tax refund to maximize your incoming cash.
To stay financially responsible, here are some of the best ways to spend your tax refund:
- 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. Need to fix that leaky sink or replace your 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. You can even put your tax refund towards bigger must-haves like buying a car or renovating your kitchen.
- Making a special family purchase. You might have your eye on something special for your family, such as a new TV or a computer for your kids to do homework. Spending your tax refund on an item that will benefit the family is a great investment.
Block Has Your Back
You choose how to spend your maximum tax refund. At Block, 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 have turned 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 filed your taxes at an H&R Block Office. How much sooner? Approved applicants could have received money the day they filed.
If you were approved, we simply texted or emailed you the amount and load your Refund Advance funds immediately to an H&R Block Emerald Prepaid Mastercard®.Disclaimer number110. Scroll to bottom of page.
That means you had a convenient way to access your Refund Advance loan proceeds anywhere Debit Mastercard® is accepted.
Find out everything you need to know about the H&R Block Emerald Advance® line of credit. You could get help to pay for those unexpected expenses.
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!
Meet H&R Block Budget Challenge scholarship winner Kathryn Loggie. This teacher helped three students win $20,000 scholarships!
Do you want to access your money faster than the IRS can provide a tax refund? Learn more about H&R Block's new Refund Advance, a no-interest loan.