Whether youâ€™ve already filed your annual taxes for 2011, filed an extension, or will squeak by on the deadline, you could probably be doing more with your taxes. The above video shares some tips. Itâ€™s four minutes of solid insight on tax refunds, tax withholdings, and reducing your householdâ€™s overall â€œbad debtâ€. Thereâ€™s something for everyone.
Among the points covered in the tax refund piece :
Advice is also shared about how to use your tax refund to fund a reserve account, or emergency fund. As a homeowner or home buyer in Parkland and Coral Springs , applying tax refunds toÂ a savings account in this manner can go a long way. When youâ€™re a homeowner, maintenance costs can be sudden and unexpected. A air conditioner may need replacement, for example; or, a roof could spring a leak. Having money set aside for a crisis is essential.
Having a savings account will also improve your householdâ€™s long-term financial stability.
As a reminder, in most years, federal income tax is due April 15. However, with Tax Day falling on a Sunday and with the federal government closed for a holiday the following Monday, U.S. taxpayers in FL and nationwide get a reprieve until Tuesday, April 17, 2012.
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