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 Tammy G. Bruzon | February 2, 2018

    Did you pledge to save this America Saves Week? Next step: decide where and how to save with this helpful guide to different accounts from @FDIC: http://bit.ly/2nQFI1g #ASW18

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