Tax Refund Ideas

What to do with that extra cash... Tax Refund Ideas What is the size of an average tax refund? 2012 2% Tax was 2 % lower than in 2010. 26 Million People Filed Their own Taxes Electronically. 11% More than in 2011 2011 $2,946 Average Tax Refund for 2011 Bank 51 Million Tax Refunds were Directly Deposited into a filer's account. 2010 $3,022 Average Tax Refund for 2010 Why file your taxes on time? People who file their taxes late are charged 5% for each month the tax return is late, up to a total of 25%. IRS issued around 59.2 Million refund checks totaling in $174.4 Billion Dollars. Tax Filling Prices Companies Offering Free Online Tax Return Filing: Turbo Tax Average $30 freefile $$$ H&R BLOCK FreeTax TaxAct Average $20 USA What is the Average Price to file taxes? TurboTax HGR Block Average $30 What Should You Do With You Tax Refund? Buy a Car Take a Vacation Savings Put into Pay for Tuition Pay Down Debt When it comes to spending your tax refund, be sure to always put a little aside in a savings account for a rainy day. Sources: http://taxes.about.com/od/backtaxes/qt/Irs_tax_penalty htm http://money.cnn.com/2012/01/10/pf/taxes/tax_refund/Index.htm http://www.washlngtontImes.com/news/2012/mar/22/1Irs-chlef-average-tax-refund-year-about-3000/ http://money.cnn.com/pf/storysupplement/tax_refunds/Index.html