How to Invest Your Tax Return |
Posted: April 28, 2019 |
If you are getting a healthy tax return and have avoided IRS collections, you might be excited to go off on vacation or buy a new big screen television. But the best thing you can do with your return is invest it in a few different things. First, take some of that money to pay off credit cards. You may not be able to pay off the entire bill, but if you contribute a good amount to it, you’ll be able to cut it down immensely. Second, put some of it towards the mortgage or save some to have a back up on rent. You never know what could happen so you should have a couple months rent saved up, just in case you come into a financial problem. You should also take the time to see how an extra bit of cash can be put into retirement plans. It is getting harder and harder to have a set financial plan for retirement, so doing what you can now will really help you in the long run. It’s good to know that you won’t have to deal with IRS collections, just make sure you put money where it should go and not just splurge. CIRCULAR 230 DISCLOSURE: Per regulations governing practice before the Internal Revenue Service, any tax advice contained herein is not intended or written for use, and cannot be used, to avoid tax penalties that may be imposed on the taxpayer. Looking for a lawyer in Baton Rouge for any legal purpose, we will suggest you to look no further than Carl Barkemeyer serving the clients for more than 13 years now and defending clients charged with crimes.
|
||||||||||||||
|