It's tax season and for many taxpayers that means a tax refund is due. If you know you're getting a refund, you've probably already started thinking about how you're going to spend it.
Buying consumer goods would stimulate the economy, but paying off some credit card debt would stimulate your get-out-of-debt plan. See 5 Ways to Spend Your Tax Refund for some ideas on what you can do with this year's income tax refund.
Credit Card Tax Questions
- Are Credit Card Donations Tax Deductible?
- Should You Pay Taxes By Credit Card?
- Why You May Owe Taxes on Cancelled Debt
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I think investing my tax refund is a good choice. Then I will have my money ready for a future purchase.