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Ask Dave

Want To Go Out Of State? Tough!

This family is getting a sweet tax refund but they can't decide on how to spend it. Debt? College Savings?

QUESTION: Cindy is getting $6,400 in tax refunds and has no money saved for her daughter for college. Should they put it toward college or paying off debt?

ANSWER: How will you pay for college? Where is she going to college? To make this work, she needs to go to an in-state school with in-state tuition. If she wants to go elsewhere, then TOUGH. You also need to stop getting that big a tax refund. That’s more than $500 a month too much coming out of your check.

Tax Pro or File Your Own?

Take the Quiz

Tax Pro or File Your Own?

Use this free quiz to help you decide which tax filing method is right for you.
 
Take the Quiz

Tax Pro or File Your Own?

Use this free quiz to help you decide which tax filing method is right for you.
 
Take the Quiz