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Planning: Tools & Services > Education Center > Tips for making the most of your income tax refund
Tips for making the most of your income tax refund

Are you among the two-thirds of American income tax filers expecting to receive an income tax refund from the federal government this year? According to the Internal Revenue Service, the average refund has been $2,128 (through March 19) this tax season. How can you ensure that you make the most of your refund? The following tips can help you make the most of your income tax refund.

Tips for making the most of your income tax refund

  1. Pay off your high-interest debt.
  2. Build your emergency cash reserve.
  3. Protect your income through life insurance and disability income insurance.
  4. Contribute to your retirement account.
  5. Save for your kids' college education.
  6. Spruce up your home through projects that increase its value.
  7. Make a tax-wise charitable gift to help others.
  8. Give a gift to a family member.
  9. Invest for the long haul.
  10. Spend a little but save and share more.

 
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Thrivent Financial for Lutherans, Appleton, WI 54919-0001, is authorized to conduct business in all 50 states and the District of Columbia. NAIC # 2938-56014. Products issued by Thrivent Financial for Lutherans are available to applicants who meet membership, insurability, U.S. citizenship and residency requirements. Not all products described are available in all states. Thrivent Financial representatives are licensed insurance agents. Insurance and retirement products, where available, are individual contracts, (not group coverage), and issued by Thrivent Financial for Lutherans. Investment products are offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415-1665, a wholly owned subsidiary of Thrivent Financial for Lutherans. Member FINRA. Member SIPC. Thrivent Financial representatives are registered representatives of Thrivent Investment Management Inc.

Bank products and trust services are offered through Thrivent Financial Bank, 2000 E. Milestone Dr., Appleton, WI 54919-0006 (Member FDIC, Equal Housing Lender), a wholly owned subsidiary of Thrivent Financial for Lutherans. Insurance, investment products, securities, trust, and investment management services and accounts are not deposits, are not FDIC insured, are not insured by any federal government agency, and are not guaranteed by Thrivent Financial Bank. Variable insurance contracts, investment products, trust, and investment management accounts may go down in value.

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This document was last updated on Monday, April 5, 2004 at 9:48 AM