Savings bonds have an interesting history. First introduced in 1935, they were designed to “appeal primarily to individuals with small amounts to invest” and used as a way to expand participation in government financing. Their conceptual predecessor was the war bond, which, in various forms, has been available in the US as far back as the American Revolution. Although war bonds come and go, savings bonds have been offered to the public continuously since their inception, and tax-time savings bonds, savings bonds you can purchase directly on your tax form, have been available since 2009. By using IRS Form 8888, while preparing her taxes, a taxpayer could choose to “impulse save,” or set aside a part of her refund to purchase a U.S. Savings Bond, effectively pre-committing to save the money before she actually receives it. Read the rest of this entry
The National Community Tax Coalition (NCTC) will be hosting its 9th National Conference September 10-13 in New Orleans, LA! The Conference, titled March Forward, is the premiere conference for the community tax preparation and asset building field. More than 400 attendees are expected to come together to learn, network, and celebrate as a field! Read the rest of this entry
VITA and other free tax prep-sites have long been dedicated to promoting improved financial well-being for their clients. Beyond the value of direct service, one of the most important roles that free tax prep sites can play is by serving as partners in research projects examining the strength and viability of different strategies to boost the financial security of vulnerable American families.
Tax season is almost over and finally all of the pressure to “buy, buy, buy” with our refund will subside. But, thousands of taxpayers chose a different path this year – they chose to take a portion of their refund and save into U.S. Savings Bonds. In fact, since 2010, over 100,000 people have benefited from tax time savings bonds totaling more than $40 million. At D2D, we have been trying to increase the financial security of Americans for over a decade and very few innovations have been more successful or promising than tax-time savings. Read the rest of this entry
America Saves Week, February 25 – March 2, 2013, is an annual opportunity for organizations to promote good savings behavior and a chance for individuals to assess their own saving status. Each February, thousands of Non-Profits and Government organizations reach out and develop new partnerships to encourage people to save automatically, encourage people to save at tax time, and make sure their employees have savings accounts and are saving and investing effectively with the retirement and savings plans they offer. Read the rest of this entry
The Doorways to Dreams Fund and the Bonds Make It Easy campaign are running SaveYourRefund, a national sweepstakes promotion to make saving at tax time fun and exciting. We will be selecting forty-one lucky tax filers who save at least $50 of their tax refund to win a total of $35,000, including a very lucky $25,000 GRAND PRIZE winner.
The sweepstakes will begin on February 1, 2013 and end on April 15th, 2013, with the Grand Prize drawing on April 19th, 2013. This promotion is open to all tax filers at least 18 years old and get at least $50 in refunds. Entrants to the promotion must save a portion of their refund in IRS’s Form 8888 to be eligible to win. Read the rest of this entry