By paying more now, you can save on interest down the road. Contribute to an IRA . It's only fitting that your tax refund should continue to give you tax advantages. Boost your emergency fund . Think about the emergencies that caused you to dip into your savings this year.
Experts recommend keeping three to six months of emergency cash reserves.
If you're short of this mark, your tax refund is a good way to make up ground. Start a college fund for the kids . Whether Junior wants to go to a state school or a private university, the cost of college keeps rising. Fortunately, there are many states that offer tax-deferred college savings or prepaid tuition plans. Give to charity .