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Newsletter, December 2008

Monday, December 01, 2008

Divide and Prosper Tax Refund Splitting Creates Asset Building Opportunities

The tax season will soon be upon us and the question is, “What will you do with your tax refund?” Splitting a refund enables taxpayers to deposit their money where they want it in the first place and build wealth for their future. A taxpayer can now allocate the refund among up to three different accounts at up to three different U.S. banks, mutual funds, brokerage firms or credit unions. To split a direct deposit refund among two or three different accounts, a taxpayer should complete Form 8888. Split refunds offer taxpayers the opportunity to build assets by depositing part of their refund to one account for immediate needs and another part to a savings or investment account for future needs.

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Category: News Categories, From the Office



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GROW South Dakota

GROW South Dakota
104 Ash Street East | Sisseton, SD  57262
Phone (605) 698-7654 | Fax (605) 698-3038 | info@growsd.org