Four Years of SaveYourRefund

Categories: Emergency SavingsGamificationPrize-Linked SavingsTax Time

SaveYourRefund (SYR) completed its fourth successful year in 2016. Learn about how it has grown and the impact it has made on tax filers across the country.

“[SaveYourRefund saw] successful integration with Volunteer Income Tax Assistant programs.”

“29% of savers purchased US Savings Bonds.”

  • Prizes work as an incentive to encourage saving.
  • The option to split refunds is important so that filers can choose to save whatever portion they’re comfortable with.
  • In 4 years, $7.5 MM was saved by 9,000 tax filers.
  • Nearly a third of the average refund was saved.