3 Awesome Ways to Spend Your Tax Refund

When tax season comes around, taxpayers look forward to receiving their tax refunds so they can blow through the money as quickly as possible. However, this year when you receive your tax refunds consider doing something awesome. Today, we are discussing three awesome ways to spend your tax refund.

Add to Your Emergency Fund or Start One

It may be tempting to go out and redo all of your furniture, however starting or adding to your emergency fund will benefit you more in the future. With the way the economy is right now, anything could happen at any time and having a healthy emergency fund will save you some stress, in case your main source of income dries up.

Pay Off Your Debt

If you have debt, like many taxpayers, your tax refund is the perfect way for you to pay down some of your debts. Not only will you be less stressed about the debt collectors nagging you but you are also improving your credit simultaneously.

Find out “How Tax Refunds May Be Affected by Obamacare” on our Redmond CPA blog.

 

 

Invest in Retirement

If you do not have a retirement account started yet, start one or pay up your current one. You have to think about the future and your tax refund could contribute to making sure that you are able to retire on time. When the time comes, you will be happy with what you have put aside.

Closing Thoughts

When your tax refund comes around this year do not splurge. Instead, spend it in an awesome way that is actually going to benefit you throughout the year and maybe even longer.

If you are located in Redmond, we can take care of all of your tax needs! Visit our Redmond CPA site or call us at (425) 483-6600! We are a greaterĀ Seattle CPA firm!

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Seattle CPAAbout Seattle CPA
Seattle CPA+John Huddleston has written extensively on tax related subjects of interest to small business owners. Since 2002, he has owned his own small business, Huddleston Tax CPAs. He is a graduate of Washington State University and the University of Washington School of Law.

Huddleston Tax CPAs of Seattle & Bellevue
Certified Public Accountants Focused on Small Business

(800) 376-1785
40 Lake Bellevue Suite 100, Bellevue, WA 98005

Huddleston Tax CPAs & accountants provide tax preparation, tax planning, business coaching, Quickbooks consulting, bookkeeping, payroll and business valuation services for small business. We serve Seattle, Bellevue, Redmond, Tacoma, Everett, Kent, Kirkland, Bothell, Lynnwood, Mill Creek, Shoreline, Kenmore, Lake Forest Park, Mountlake Terrace, Renton, Tukwila, Federal Way, Burien, Seatac, Mercer Island, West Seattle, Auburn, Snohomish and Mukilteo. We have a few meeting locations. Call to meet John Huddleston, J.D., LL.M., CPA, Tawni Berg, CPA, Jennifer Zhou, CPA, Jessica Chisholm, CPA or Chuck McClure, CPA. Member WSCPA.