Your long-awaited refund should be deposited today for all early filers! The Internal Revenue Service makes regular funding dumps starting February 22, 2018, this funding typically happens around the 15th of February. This was delayed by the lack of funding until the PATH act was extended for the government budget which authorized funding through March 23, 2018.
This is great news for the majority of Americans waiting for this once a year financial stimulation. It means we now have the opportunity to spend on either the things we need or the ones we love. As a tax professional one of the things I recommend clients do with a portion of their refund is to start thinking about and planning for the future. This can be done a number of ways. You can start a 529 College savings plan for the education costs for that little ones college tuition or a 401k for you and your spouse. Whatever your decision is I suggest consulting with your tax professional at Andee’s Aspen Tax Service as to what will best serve in your financial health in the long run!
If you have any questions please feel free to give us a call!