Tag Archives: TaxSeason

5 Smart Ways to Spend Your Tax Refund

Many people are expecting smaller tax refunds this year due to the recent overhaul of federal tax laws. In some cases, filers who are used to receiving a refund are discovering they owe money this year. For those of you who are going to receive a sizable refund this year, we encourage you to stick around and read our blog. If you do manage to receive a tax refund without difficulty this year, then you could use the extra funds to bolster your finances. Depending on your situation, even a few hundred dollars can go a long way. If you want to be more financially responsible this year, then use your tax refund wisely. How You Could Spend Your Tax Refund This Year Add to an emergency fund. Hopefully, you already have an emergency fund. If you do not, this year is a perfect time to start one. Without adequate…
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Finding Free Tax Filing Services in Kansas City

Tax season begins on January 28. If you are worried about the fees associated with filing, you may qualify for free filing services in Kansas City or the surrounding areas. There are also online options to consider. Some of these services allow you to work on your taxes with the assistance of qualified professionals. This blog will discuss possible options for free tax filing services in Kansas City and elsewhere. Finding VITA Locations on the IRS Website Once tax season begins, look for multiple in-person Volunteer Income Tax Assistance (VITA) programs in the Kansas City area. Kansas City normally hosts multiple VITA programs, and you can locate them by using the IRS website. Select your ZIP code and put in the number of miles you are willing to travel for free assistance. You could also consider free filing options with the AARP. The AARP operates tax services at certain Kansas…
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What are Smart Ways to Spend a Tax Refund?

The IRS officially launched tax season on January 29. You can file your tax return and possibly receive a refund. According to IRS statistics, the average tax refund was $2,782 in 2017. For many of us who receive refunds, it can be tempting to spend it on something we want and not something we need. There are smart ways to spend your refund even if it is smaller than what you were expecting. Save for an emergency: A recent survey published by Bankrate.com, a personal finance website, found only 39 percent of Americans could cover a $1,000 emergency. You could save your tax refund to pay for medical bills or rent after a job loss. These are just two examples of emergencies that could cost more than $1,000. Pay off your debts: You could use your tax refund to pay off student loans or credit cards with high interest rates….
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