Couple Money

What’s the Average Tax Refund?

average tax rebates

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When I spoke to Bob Meighan, TurboTax’s Vice President and CPA, in November we spoke about how couples can optimize their tax filings.

One interesting point Bob shared was that the average refund last year was around $2,700. For many families, that's a big enough amount that they can make some progress on their family's financial goals.

Checking Your Tax Refund Status

Though most of the time your tax rebate comes according to schedule, if you haven’t received your tax return when you expected, just go to the IRS’ site and enter your information.

If you prefer to speak to someone on the phone, the number is 1-(800) 829-1040.

If you have a smart phone, there's actually an app called IRS2Go to help you check the status of your tax rebate. the great news is that the app is free. The app also allows you to sign up to receive tax tips from the IRS to your inbox.

Put Your Tax Refund to Good Use

No matter how big or small your refund is there are several ways you can use it to put your family's finances to good use.

Planning Your Taxes

Every year sitting down and looking at your current withholding status for just 10 minutes can be extremely helpful.

Tax Rebates and You

If you're looking for more on tax rebates, check out my post on TurboTax's blog. I’m a contributing blogger there along with some other personal finance writers and Intuit's team of savvy tax experts. 

If you got a tax rebate last year, how did you use it? What are plans for this year?

Photo Credit: 401K

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