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  • Don't count your refund before it's cashed

    Posted Mar 12 2008, 08:38 AM by Donna Freedman
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    This post comes from Abby Freedman, a freelance writer and daughter of Smart Spending blogger Donna Freedman.

    Thanks to a few hefty medical bills, my fiancé's tax refund was going to be sizable, too: $2,380. We had big plans for the money.

    Note my use of the past tense.

    In late January I sent in the forms. (Please don't ask why I didn't e-file. There's no good answer.) A few weeks later I checked the IRS Web site's handy "Where’s my refund?" feature and found that the money would be deposited on Feb. 29.

    According to MSN Money's Liz Pulliam Weston, my fiancé was entitled to spend 10% of the refund however his little heart desired. Given that we'd been assured a deposit was imminent, I suggested he take $238 out of the paycheck he'd just received. He did, and spent it on hobby supplies.   Read More...

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