January 29, 2013
By Lila Quintiliani, AFC®
Military Saves Assistant Coordinator
Communication & Outreach

Studies have shown that, regardless of income, those with a plan are more successful savers.  And we’ve written in this blog previously about how savers should definitely have a plan for their tax refund.  Well, now the nonprofit Doorway to Dreams Fund has come up with an innovative and fun way to get taxpayers to save part of their refund.   They are sponsoring the SaveYourRefund sweepstakes which gives taxpayers a chance to win while saving for their own financial future. Beginning February 1st, 2013 and running through April 15th, 2013, all tax filers over age 18 that are due a federal tax refund and save at least $50 of that refund using IRS Form 8888 can enter the sweepstakes.  The Sweepstakes will award four weekly prizes of $250 (a total of $1,000 in prizes each week) and all entrants will be eligible for a chance at winning the $25,000 Grand Prize.

IRS Form 8888 allows filers to allocate their refund to go to different accounts or toward the purchase of savings bonds for themselves, their spouse, or even as a gift for someone else.

To find out more, visit www.SaveYourRefund.com.

For more information:
Ready. Save. Buy.
Kickstart Your Savings.  Have a Plan for Your Refund.
Saving With U.S. Savings Bonds

Tip of the Day

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