By Megan Harrington, Innovation Assistant at D2D Fund
For many, tax season gifts a mixed bundle of emotions: dread of the looming paperwork and stress about number crunching, but also excitement for a tax refund. If you’re looking to save, a tax refund can mean a big step toward meeting your savings goals. This year, tax season can mean one more thing: an opportunity to win $25,000!
The SaveYourRefund promotion is working alongside America Saves week to help you meet your savings goals by rewarding you simply for saving part of your tax return.
Ready to have some fun while you save? Great! Here’s how it works. Start by splitting your refund using IRS Form 8888. Easily found on most tax preparation software (find out how to file your taxes for free here), the form allows you to split your refund into up to three different accounts. In order to enter SaveYourRefund, put $50 or more into at least one of the following: a savings account, a prepaid card, an individual retirement account (IRA), a U.S. Treasury Direct account, a savings bond, or a certificate of deposit (CD). (Unsure of what these are? The America Saves Financial Products page can explain.)
After you’ve split and saved, you are ready to enter SaveYourRefund! By entering here, you will be automatically eligible to win one of ten $100 prizes that we will give away every week from now until the end of tax season (April 11)! Then, upload a picture here that represents your savings goal or motivation, and you’ll be entered to win the $25,000 grand prize!
SaveYourRefund is sponsored by Doorways to Dreams (D2D) Fund. Have any questions about the history of our promotion or its requirements? Check out our FAQ page.
You’ve already made the America Saves week pledge. Now, get rewarded for it! Split, save, and enter SaveYourRefund today!
This promotion is sponsored by Doorways to Dreams (D2D) Fund, a non-profit organization based in Boston, MA that is dedicated to helping people save money and have fun doing it.