GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.

These brands compensate us to advertise their products in ads across our site.

This compensation may impact how and where products appear on this site.

Income tax refund.

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.

you might read more about oureditorial guidelinesand our products and servicesreview methodology.

20 YearsHelping You Live Richer

Reviewedby Experts

Trusted byMillions of Readers

Many taxpayers look forward to getting atax refund.

facebook sharing button

However, is it always the best decision to take the cash now?

GOBankingRates talked to tax experts to get their insights.

Heres how to decide if your refund should be in cash or applied to next years taxes.

twitter sharing button

Also seethe pros and cons of getting a large tax refund.

No matter your age, its never too early to set aside money for retirement.

If you have young children, you might also put a priority on saving for their college education.

linkedin sharing button

Paying it forward could also help individuals who have trouble saving money to pay taxes.

Plan Ahead

Nevertheless, Hendrix said getting a tax refund is not a guarantee.

Since a refund is never a guarantee, you should be prepared for that possibility and plan ahead.

email sharing button

More From GoBankingRates

Share This Article:

The Latest inTaxes