Thousands Save Part of Their Tax Refund Through SaveYourRefund

America Saves and Doorways to Dreams Fund (D2D) are on track to close out a successful tax season and first year of the SaveYourRefund partnership. During the 2016 tax season, America Saves expanded the SaveYourRefund partner outreach by 65% to over 250 Volunteer Income Tax Assistance (VITA) programs and over 800 VITA sites. The incentivized tax-time savings promotion has encouraged over 2,700 taxpayers to save a portion of their refund through IRS Form 8888 and approximately $2.1 million in refund dollars has been saved.

America Saves and D2D Fund hosted two training webinars, produced multiple marketing materials and provided hours of technical assistance for participating VITA programs to better equip their staff and volunteers to promote SaveYourRefund to clients.  Eligible taxpayers were instructed on how to enter and could win up to $35,000 in cash prizes. To date, 90 individuals have won $100 Weekly Drawings and the $25,000 Grand Prize winner will be announced in May 2016. Check out some of this year's lucky $100 winners.

Saving at tax time is a yearly opportunity to begin or improve your current saving habit. The average $827.00 saved by SaveYourRefund entries is a great start to build your emergency fund or pay off outstanding debts. To learn more about this program and to see what motivated SaveYourRefund winners to save at tax time, visit SaveYourRefund.com.

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Tip of the Day

  • Written by Administrator2 | January 12, 2014

    Keep track of your spending. At least once a month, use credit card, checking, and other records to review what you've purchased. Then, ask yourself if it makes sense to reallocate some of this spending to an emergency savings account. http://ow.ly/sj972

Saver Stories View all »

Another Dream Realized

Written by Tammy G. Bruzon | November 7, 2014

Mary Brown was already a disciplined individual when she came to Wisconsin Saves coordinator Wisconsin Women’s Business Initiative Corporation (WWBIC) in last summer. She had successfully completed her bachelor’s degree with the assistance of her husband and son, and was now ready to tackle her next big dream – homeownership.

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Inspired to Build Savings By Starting Small

Written by Great Lakes Michigan Saves | April 19, 2016

With little-to-no money in the bank and living on a limited income with her adult daughter, Sharon wasn’t sure if building up savings for her future was even possible. “At my age, to put debts behind me would be a relief,” she said, but she wasn’t quite sure how to even get started with a savings plan. That all changed when Sharon attended the Great Lakes Michigan Saves Pay Yourself First Saver’s Summit during America Saves Week.

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Transforming “I Can’t Save” to “I Will Save”

Written by Guest Blogger | January 13, 2016

You will not believe what it took to completely change my life. About three years ago, the HR Administrator of the corporation where I worked (as a temp with no benefits) forwarded an email to me. Fifteen seconds. One small act of kindness. That's it - that's all it took!

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