Wondering what to do with your tax refund? Check out these smart options


Editor’s Note: While our Refund Advance offer ended on February 28, 2022, you can still read about the benefits of working with our tax pros to get the most from your taxes with H&R Block.

Finding out that you have a tax refund coming is welcome news, especially if your finances have taken a beating lately. Who doesn’t love money? You may be wondering how to spend your tax refund to maximize your incoming cash.

To stay financially responsible, here are some of the best ways to use your tax refund:

  • Paying down debt. Paying off credit cards, student loans or other debt can take time, but it’s a smart financial move to make. Paying off debt with your tax refund can help you take a sizable bite out of what you owe. The quicker you can manage your debt, the easier it will be to tackle your other financial goals.
  • Taking care of home or car repairs. Need to fix that leaky sink or replace your worn-out tires? Whether it’s something you’ve been meaning to do or preventative maintenance, upkeep for your home or car can quickly derail your budget. In this case, it may be clear how you could be spending your tax refund.
  • Making a special family purchase. You might have your eye on something special for your family as a tax refund idea, such as a new TV or a computer for your kids to do homework. Spending your tax refund on an item that will benefit the family is a great investment.

How H&R Block can help

You choose what to spend your tax refund on. At Block, our tax pros are dedicated getting you your maximum refund. We strive to uncover every credit and deduction, so you get back every dollar you deserve.Disclaimer number84. Scroll to bottom of page.

Why wait for your refund? Consider a tax Refund Advance Loan

We know getting your max refund is important, but now—more than ever—it also matters how quickly you receive money.

Instead of waiting for your refund, you can apply for a Refund AdvanceDisclaimer number109. Scroll to bottom of page. interest-free loan and could get up to $3,500 when you file your taxes through a participating H&R Block office. How quickly? Approved applicants can receive money within minutes of filing their taxes.

If you’re approved, you’ll receive a text.Disclaimer number140. Scroll to bottom of page. or email of the amount and your Refund Advance funds will be loaded to an H&R Block Emerald Prepaid Mastercard®.Disclaimer number110. Scroll to bottom of page. That means you have a convenient way to access your Refund Advance loan proceeds—anywhere Debit Mastercard® is accepted.

Learn more about Refund Advance and how to schedule an appointment in a participating H&R Block office starting January 4, 2022. Note: this offer ends February 28, 2022.

Related Topics

Related Resources

Common Questions about H&R Block’s Tax Identity Shield, Answered

Tax Identity Shield is a way to help H&R Block clients protect themselves from identity theft. Learn more about Tax Identity Shield at H&R Block.

H&R Block’s Budget Challenge and Why Financial Literacy is Important for Teenagers

It is important for teenagers to learn financial literacy. That's why we offer the H&R Block Budget Challenge to high school students - learn more here.

H&R Block Sweepstakes Winners Rolling In; Have Big Plans for $1,000

H&R Block is giving away millions of dollars to clients who have filed their taxes with them with "H&R Block 1000 Win". Find out how to win!

To Financial Literacy And Beyond: Recognizing The Great Work Of Budget Challenge Educators

Teachers have been using H&R Block's financial education program to help teens learn about money management. Find out more at H&R Block.