If you’re getting a tax refund, careful planning could help improve your finances for the year.

Here are some tips to help maximize your tax refund.

Reduce debt – Use your refund to payoff credit cards or a student loan, but your strategy should keep in mind interest rates and tax benefits so consult with a trusted financial partner.

Even if you don’t pay down most of your debt, at least try to put a dent in it.

Boost your savings.  Contribute to your IRA, earn interest with a certificate of deposit from Ascentra, or just add to your emergency savings fund.


Build your equity – Your refund may not be enough to redo your kitchen, but it can pay for some smaller home improvements. Use the extra cash to add a backsplash, paint cabinets or replace your countertops.

Finally, invest in creating memories by having a little frugal fun with the family that doesn’t break the bank.





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