Best Savings Accounts for Your Tax Refund
If you don't want to spend your tax refund, consider tucking your money away in a savings account.
ReadThe standard deduction is a tax break that reduces your taxable income. The amount of the deduction is based on your filing status and you don’t have to fill out a Schedule or form to claim it. It is automatically applied unless you choose to itemize deductions on Schedule A. Most taxpayers have a higher standard deduction than their combined itemized deductions; therefore, they can simply claim the automatic standard deduction.
You got it. We’re always here to help.