Meet Derkisha, SaverLife’s $5,000 Grand Prize Winner
Derkisha is a SaverLife member, a nursing school student, and a mother of five. She was one of over 45,000 people who pledged to save their tax refunds with SaverLife, collectively pledging to save more than $60 million. The SaverLife team traveled to Texas to surprise Derkisha with the news that she was our Grand…
Read MoreWhat is the Earned Income Tax Credit (EITC)?
Hi, I’m Dirk. I’m a tax expert with Intuit’s TurboTax and I’m here today to talk to you about the Earned Income Tax Credit. What is the Earned Income Tax Credit? It’s a tax credit available for those who are low- and moderate-income families and the benefit varies depending on whether you have children or not. If you’re…
Read MoreDo I Need to File a Tax Return?
Hi, I’m Kasey, and I’m a tax expert here with Intuit’s TurboTax. I’m here today to talk about some frequently asked questions that many taxpayers have. Do I need to file? Not everyone is required to file a tax return every year. Generally, if your income doesn’t exceed certain thresholds, you don’t even have to file a return. The…
Read MoreTax refunds are used for bills, healthcare, and – yes – having some fun!
Last month, we talked about how Savers used their 2017 tax refunds. This month, we’re diving deeper into how saving and spending changed after Savers got their refunds. Refunds are used to play catch-up In the months leading up to tax season, many people have to put off bills or delay healthcare. We learned that…
Read MoreHow do you use your tax refund?
Every month, part of your paycheck is sent straight to the government to pay your taxes. But at the end of the year, most people owe less than they’ve already paid – so they get money back from the government. These tax refunds are a huge influx of money for many American families. If you’re…
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