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TurboTax advises on importance of tax refunds to fuel savings
An estimated 40 percent of working
households do not have enough money saved to meet the majority of
their expenses for a single month. And many families are only one
unexpected car repair, illness or job loss away from exhausting any
savings they may have. In fact, approximately 39 percent of people feel
that having a savings to deal with unexpected expenses or emergencies is
one of their most important financial goals, according to Intuit
TurboTax, the nation’s leading tax preparation software from
“Setting aside a small amount of money allows people to manage
unexpected events, opens up opportunities for education and helps
families build future financial security,” said
With the average tax refund almost
According to research from Intuit TurboTax, 55 percent of Americans are concerned that they won’t have enough money to retire. Tax refunds present these individuals with an opportunity to help meet their financial goals.
A simple option for taxpayers is to use a portion of their tax refund to buy U.S. Savings Bonds.
A U.S. Savings Bond is one of the safest investments available to Americans and has many tax advantages.
Sold in denominations of as little as
Visit the American Tax & Financial Center at TurboTax for a full report and additional information.
About The American Tax & Financial Center at TurboTax
The center’s primary goal is to help Americans in understanding financial matters so they can make informed financial decisions. The center educates and advocates for individuals by helping them take ownership of their financial future. For more information, visit The American Tax & Financial Center at TurboTax at www.americantaxandfinancialcenter.com.
TurboTax is the nation’s No. 1 rated, best-selling, do-it-yourself tax
preparation software. Available on desktop, online and mobile,
TurboTax helped more than 25 million people last year keep more of their
hard-earned money. For more information, visit the TurboTax
press room, like us on
Founded in 1983, Intuit had annual revenue of
Intuit, the Intuit logo and TurboTax, among others, are registered
trademarks and/or registered service marks of
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