Taxpayers Saved $2.4 Million Because Of SaveYourRefund

That’s a wrap! The 2019 tax season has ended and SaveYourRefund motivated nearly 3,000 taxpayers to save a portion of their tax refund. Through split deposit into multiple accounts and IRS Form 8888, over $2.4 million refund dollars were saved.

The incentivized tax-time saving promotion was incorporated into saving initiatives throughout the SaveYourRefund partner network of over 250 IRS Volunteer Income Tax Assistance (VITA) programs and over 800 tax sites across the country.

According to the SaveYourRefund entry form, 38 percent of taxpayers who entered the promotion saved because of the chance to win cash prizes. Incentivized tax-time saving works.

Daniel and Tina Rees have utilized several of the free tax sites offered by the Green River Asset Building Coalition in Owensboro Kentucky over the last nine years. This year, they were able to put a down payment on a “new to them” van, and still save a small portion of their refund, which qualified them for the SaveYourRefund contest! Daniel said, “Winning this $100 puts us that much closer to paying off the van without touching our new savings. Thank you!”

In partnership with Commonwealth, America Saves has been the co-administrator of SaveYourRefund for the past four years. SaveYourRefund awards taxpayers who save a portion of their refund throughout the tax season with $100 weekly prizes and will issue two $10,000 grand prizes in May 2019. Read the 2018 grand prize winner stories here.

Take the Pledge

Savers who make a plan are twice as likely to save successfully. 

Take the America Saves Pledge

Tip of the Day

  • Written by Administrator2 | March 19, 2014

    Having emergency savings may be the most important way to stay afloat financially http://ow.ly/r6i1n

Saver Tips and Stories View all »

Learning to Save

Written by Katie Bryan | October 28, 2013

Kisha Barns’s financial situation was undisciplined, unrestricted, and impulsive before she came into contact with her local America Saves campaign, Charlotte Saves.

Read more...

Taking Back Control Over Finances

Written by Virginia Saves | August 5, 2015

After becoming a Virginia Saver and getting help from BankOn classes and coaching, Nadine Bialo took back control over her financial affairs.

Read more...

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.

Read more...

Receive Updates

Take the Pledge

Written by Super User | September 16, 2013

Start Saving

Receive Texts

Written by Tammy G. Bruzon | July 15, 2014

Learn More

Partner News & Updates

Written by Katie Bryan | October 18, 2013

Sign Up