Word: refundability
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Dates: during 2000-2009
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...average tax refund through April has been $2,683, according to the IRS. That's up 13% from one year ago and constitutes a pretty healthy onetime fiscal shot in the arm for the typical family struggling during this recession...
...only are tax refunds up this year; so too are the number of people receiving them. Some 82% of filers have gotten money back, up from 78% last year. Accounting for the increases, the IRS says, are more generous tax credits for things like children living at home, first-time homebuyers and late claims related to those 2008 stimulus checks. Meanwhile, the recession and slumping incomes have rendered more people eligible for such credits. The larger refunds are a welcome boost for the economy. In all, the Federal Government has cut refund checks totaling $259 billion - up 17% from...
...splurging out of frustration or some misguided notion that you will help rescue the economy, think again. Spending to feel better is a temporary fix and usually just buries you further and makes you feel all the worse later on. Think about how you spent your refund last year. Wish you had the money back? As for the economy, that's not your responsibility and it will actually do better in the long run if you save and invest. So cut costs and live within your means, and use your refund for a onetime...
...Click here for 10 ideas on how you can spend your refund for solid financial and happiness returns...
...USTIA - and depends on your age, your itinerary, how far out you are booking and the cost of your vacation. Depending on the policy you buy, the insurance plan may get up to 70% of your money back from airlines and hotels; you won't get a full refund. But the good news is that, as of May 1, Travel Guard said it is still insuring vacations to Mexico...