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If you get a refund, it means you overpaid your taxes throughout the year.
Theres power getting that cash back, Cruze said on an episode of The Big Money Show.
The refund is not free money.
So far in 2024, the average refund amount is $3,004, according to the IRS.
The IRS adjusted income tax brackets again due to inflation.
It is your money sitting in Washington, not earning interest, Cruze said.
Credit cards have become the emergency fund for so many people, Cruze explained.
The best thing you’re free to do, honestly, is just cut up the credit cards.
Just not even have that as an option.
An emergency fund is a cash reserve that you only use forunplanned expenses or emergencies.
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