What will you do with your tax return?

What Happens If You Don’t File Taxes. If you don’t file your taxes with the IRS by the deadline there can be several tax penalties which will cause you to have to pay even more money to the government. So even if you can’t pay the full amount at once you should still file your taxes on time.

The rebate is technically an "advance credit" for your 2008 taxes, leading some to believe the extra money will come out of your refund for next year. "No," said Rudoy. "It’s a one-time stimulus to the economy, and it won’t affect anything that anybody has for next year."

During the month of February I’d like to take a look at how your financial goals will help you achieve your life goals and that may begin with getting your taxes done and how you handle the refund. The IRS reports that 150 million tax returns are expected to be filed this year, with more than 70% receiving refunds averaging about $2,797.

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After establishing an emergency fund, the next best thing you can do with your tax refund is reduce or eliminate any high-interest debt that you're carrying.

If you have credit card debt, paying it off is the best investment you can make with your tax refund. Doing so delivers a guaranteed return on.

When you do so, you take into the account what is called the real rate of return on your. beat inflation. So, tax and.

Here are some ideas on what to do with your tax refund. fix up your finances. Robert Semrad, a senior partner at DebtStoppers, a bankruptcy law firm, recommends using your tax refund for the.

Knowing what to do with a tax refund can be difficult. Some uses will give you more benefit than others. Here are some tips for wise ways to.

When you file your tax return, you have several options to pay taxes you owe. You can make monthly payments through an IRS installment agreement, apply for.

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Here are the top 5 things to do with your tax return. Most of us dread tax season. Even with sites like TurboTax, Tax Act, and H&R Block, we still.