10 smart uses for your tax refund

A refund check is a great way to seed your 2013 financial goals. Here are the 10 of the smartest options.

 of 12
 of 12

VIDEO ON MSN MONEY

77Comments
Apr 17, 2013 5:32AM
avatar
IRS WINDFALL???????????? Does the idiot who wrote this article REALLY think the money belongs to the IRS and they gave you some back out of the goodness of their heart? It's YOUR money to begin with, you libtard!!!!!
Apr 17, 2013 7:57AM
avatar
It's not a windfall.  It's your money to begin with.
Apr 17, 2013 4:27AM
avatar
The basic problem with this article is if you are truly smart you should never get a tax refund.  Every year for the past 22 years I have always paid the government anywhere from $300 to $450.  And in many years more, because if I earn more money than the previous year I pay no additional penalty.   The article says the average tax refund is $3000, well because too many Americans are very poor savers and planners. they let the government save the money for them. And they get it back as a tax refund.  What too many Americans have done is give Uncle Sam a tax free loan of $1500 (averaged $3000 over a year) and I consider that actually pretty stupid.  So me owing the government $300 to $450 is a loan they have given me.  I invest the money in my stock account sell in the money options.  I still have to pay taxes on the short term capital gain, but I'm still much further ahead by not loaning the government money.         
Apr 17, 2013 8:07AM
avatar
What "windfall".....?  The money is confiscated against my will, and if after paying somebody to figure it out for me I can say the right buzzwords, I might be able to talk them into giving some of it back.  We should reverse that:  Eliminate the IRS as it now exists.  If Congress thinks something is a good idea, they sell it to the people.  If we buy it, we fund it through truly voluntary taxes.  If no, it doesn't get done and trillions don't get borrowed "on our behalf".  Windfall?  My a$$..........
avatar
So true. People have been conditioned by the IRS (which, by the way, is an illegal agency which, basically, hoards your hard-earned I.O.U.s from your employer) and other entities like this media source -- for one -- to believe that they're getting "surplus income" at the end of the year if they get something from doing their taxes, when, in fact, you don't even get as much as you put in. So, all said & done, it's only a partial return on your investment IF you even get anything back. (It's just like the trick where average gas price goes up 50 cents, gradually, over 2 months...Then, they milk the cow for about 4-6 months, then one week; BOOM, it goes down by 20-25 cents...and everyone gets so passively used to the risen price that when it goes down even slightly, the whole nation is kissing the feet of the service station owner saying, "Thank GOD! Prices are so low,now," like they're getting some kinda' deal when, in fact, you've been duped into a subtle and STEEP hike which you completely neglected. Same with taxes and the "refunds". Pshhh)
Apr 17, 2013 3:25AM
avatar
I'm not giving one cent to wallstreet, banks, or insurance companies...I may buy a new pair of glasses ,some gold or silver (backup incase of ID theft), some long lasting food supply, and guns and ammo for protection....
avatar
I get a refund of about $1200 only because I put $4000 into my IRA and medical deductions. I 'used' mine to offset the money I put into my IRA. I also bought a new - American made - couch and loveseat earlier this year so I also helped the economy.
Apr 17, 2013 9:18AM
avatar
The biggest problem with this article is the description of your tax refund as a 'windfall' in the MSN headline. It is YOUR money. Using the term 'windfall' reinforces with the uninformed that the government reached into its mysterious, magical, inexhaustible money vault to give you a gift.
Apr 17, 2013 9:36AM
avatar
Covercalls- I have been telling my employess and friends the same thing for years. The goverment is doing you no favors with a refund, its your money they just use it interest free.
Apr 17, 2013 6:33AM
avatar
covercalls has it right.  Never get a tax refund.  Even if ypou don't invest in the market, still get every penny you can each week in your pay.
Apr 17, 2013 5:27AM
avatar
Covercalls is correct.  You should NEVER get a refund.  You have loaned your money to the IRS tax free AND have lost the value of inflation for a year on that money.

The article is properly titled, it calls the refund a "refund."  The teaser on the MSN homepage calls it a "return."  Too many retards don't know the difference between a "refund" and a "return."  They are not interchangeable.

Apr 17, 2013 10:12AM
avatar

The headline referred to an "IRS Windfall".  Is that what they call it when the government returns something to you that was yours to begin with?

 

Wow, have we lost our perspective, or what!?

Apr 17, 2013 10:08AM
avatar
I owed $800 this year and I'm happy as hell about it.  I don't want the government holding my money and paying no interest.  A tax refund isn't a prize you get at the end of the year.  Idiots.
Apr 17, 2013 6:31AM
avatar

This is something any true American has already figured out!

Stay as far away from the government (Obama) as possible.

Covercalls needs to hired by you guys.............

Apr 17, 2013 9:18AM
avatar
What a joke this article is.  IRS windfall ?  Taxes have increased and people are getting less back because of the **** in the oval office.  Quit trying to spin another lie MSNBC.
Apr 17, 2013 9:41AM
avatar
# 10,,  give it to charity... wasn't  the title of the article 10 smart ways to use your tax refund, maybe it should have been 9.
Apr 17, 2013 9:32AM
Apr 17, 2013 9:28AM
avatar

This is the first time in over 10 years that I am getting a refund. I finished my taxes and thought I must have made a mistake! I checked it over and over and even made a few phone calls and went on line asking questions. I didn't make a mistake. Still scratching my head. My income is up this year as well!

Anyway, that refund is taken by the IRS to apply to a delinquent amount from when my husband lost his job after 25 yrs. at the local steel mill and had to lease a truck to try to make some money to pay our mortgage and keep our health insurance going. What a  mess that was. Being self employed in this country is the biggest tax rip off!

I wish I could keep this money. I really need it. But Uncle Sam owns everything I have until I can get that bill paid off.

Apr 17, 2013 10:15AM
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.