Encouraging saving at tax time is one of the key opportunities for many families with limited financial resources to build liquid savings. The Bureau’s annual tax time saving report has key insights for Volunteer Income Tax Assistance (VITA) programs that are focused on encouraging people to save during the process of filing their tax return.
When you have savings, you have more peace of mind. Whatever tomorrow brings, we have resources to bring you one step closer to achieving your personal savings goals and improving your financial future.
The Bureau is engaged in building the capacity of child savings programs by releasing four briefs geared toward institutions and communities interested in starting, or expanding child savings opportunities.
Learn how to improve your financial well-being by starting small and saving up. Start by putting away all or part of your tax refund.
Building and retaining savings is important because it provides a financial foundation on which to plan for the future.
The Bureau held a forum on child savings accounts. We produced a report on the forum so that you can learn more about how states and communities are offering opportunities for families to save for post-secondary education.
Knowing you have money set aside to meet your short- and long-term goals can reduce stress and may lead to a higher level of financial well-being. Learn how you can use your tax refund to meet your savings goals.
Tax season is right around the corner—check out our tips for planning out your refund and savings
Free tax filing resources can reduce the cost of filing and give you more money to save.
If you are a tax preparer, we’ve got tips you can use to help people save and build assets during tax time
If you work directly with people who are living paycheck to paycheck, tax time is a good opportunity to encourage saving.
We released the results of a Project Catalyst research project finding that offering a small incentive to prepaid card users to put some of their money into a savings wallet doubled uptake of the wallet.
For many people, making ends meet throughout the year is tough, and saving regularly may seem unrealistic. If you’re getting a tax refund, why not consider saving some of it to build an emergency fund or start a nest egg? Whatever your savings goal, now is a great time to start.
Parents often want to open accounts for their children, to help them learn about saving for the future and managing their money. And young people often go to a bank to open an account when they get their first job and start earning money. However, when trying to open an account for a child under age 18, some people run into roadblocks.
In the next few months most U.S. households will be filing their tax returns. The holidays are over and it’s worth taking a few minutes now to think ahead to the tax filing season. You may have options you haven’t thought about before.
With the beginning of the New Year comes income tax season—that time between late January and April 15 when almost all American households have to file a tax return. It’s not too early to get a grip on your taxes.