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Lets break down some of thebest ways to spend your tax refund in 2025.
And the average credit card interest rate is 23.37% as of the same quarter, perThe Motley Fool.
Traditional IRA contributions may also be tax-deductible.
Alternatively, you could invest your tax refund in home improvements if youre already a homeowner.
According toZonda Homes 2024 Cost vs. Valuereport, curb appeal drives the most value for home improvement projects.
Invest In Your Family
You could also consider putting your tax refund toward your childrens education.
Withdrawals are also tax-free as long as theyre used for educational purposes.
The limit is $18,000 per recipient for 2024 and $19,000 for 2025.
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