March's Smart Money

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FEDERAL INCOME TAX

As Tax Day draws closer, nearly two-thirds of Americans are anticipating a refund. While it’s easy to look at a refund as ‘found money’—and even easier to conjure up fun ways to spend it—it’s important to remember what a refund really is. It’s your hard-earned money being returned to you. It’s also a great opportunity to improve your financial standing.

A refund can go a long way toward reducing debt, funding future expenses, and even setting you up for retirement. So, before you order new golf clubs or plan a bonus vacation, consider your financial goals. Putting even a portion of a refund toward them can accelerate how quickly you achieve them.

Learn more about taxes from this collection of activities & articles on tax topics including federal income tax brackets & statuses, filing & paying taxes, completing a return, charitable contributions, receiving a tax return and more.

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