The SaveYourRefund campaign had another successful tax season in 2016. SaveYourRefund, in its 4th year, is a national campaign encouraging savings at tax time, when households making less than $50,000 claim $100 billion in federal tax refunds. The campaign creates a fun and rewarding experience to inspire Americans to use the moment of claiming a refund as an opportunity to save.
In its fourth year, SaveYourRefund continued to motivate tax filers to save a portion of their tax refund.
The chance at a cash prize is a motivating factor in saving money.
Savings Bonds are an appealing saving option for tax filers.
37% of entrants had not planned on saving going into the filing process.
$94,000 in US Savings Bonds were purchased by SaveYourRefund entrants.