Waiting on your tax refund to come in gives you time to think about how you would like to spend your exciting boost of money. While not all taxpayers receive a federal tax income, the Internal Revenue Service says that almost 80% of taxpayers get one. And on average they are $2,800! So if you are curious on what are the best ways to use your tax refund, here are a few ways that Sacramento tax attorney suggest doing.
Make Your safety net
Saving your money is a good way to make sure you have an emergency fund in case something financially devastating was to happen. Maybe you lose your job, have to pay for a medical expense that your insurance doesn’t cover all the way, or something else could make an emergency fund rather useful. Tax attorney in Sacramento, Tax Tiger, says just take a second to think about your emergency fund before spending the money impulsively.