Expecting a Tax Refund? Should you Splurge or Save?

The Internal Revenue Service opened the 2013 filing season Jan. 30, and taxpayers have until April 15 to file their tax returns. The IRS expects to receive more than 147 million individual tax returns this year, with about 75 percent projected to receive a refund.On today’s episode of Your Money, Your Matters, we’ll talk about how to make the most of your tax refund. Having you given any consideration to how you’ll use your tax refund? Will you treat yourself to a major purchase, such as a new TV? Or will you finally start that emergency savings account that you’ve been promising yourself?Join radio personalities Rick Grady and Linda Webb-Mañon, Texas Credit Union League; Todd Mark, Consumer Credit Counseling Services, and Courtney Moran, Texas Credit Union Foundation, as we explore the options. The four will also continue the discussion on how to protect yourself from identity theft this tax season, as well as share tips on how to prepare for tax season, including what documents you’ll need to complete your return; reviewing any life changes that might affect your tax return, and considering any year-end tax moves that could reduce your taxable income. Your Money. Your Matters is a weekly show broadcasting every Tuesday from 11 a.m. to noon CST. The program examines financial issues of most importance to consumers.Tune in; share your thoughts; or gain helpful advice.