How much will your tax refund be this year? Did you know that you can estimate your refund at sites like TurboTax and H&R Block? The average tax refund in the United States is around $3,000! Americans use this refund for all kinds of things – education savings, vacations, paying off credit cards or bills, making home improvements, and buying cars. In fact, up to 5% of us will use our tax refund to buy a new vehicle.
The tax rules for 2018 reflect many changes that will affect your refund for 2018. The new tax law nearly doubles the standard deduction amount. Single taxpayers will see their standard deductions increase from $6,350 for 2017 taxes to $12,000 for 2018 taxes. Married couples filing jointly will see a standard deduction increase from $12,700 to $24,000. For families with children the Child Tax Credit will increase from $1,000 per child to $2,000 per child.
Instant Auto is Kansas City’s no credit check tax season headquarters! Simply bring your refund, proof of a job, insurance, and your home address and you’ll drive away in a new vehicle in less than 30 minutes! With locations in Liberty, Olathe, and Lee’s Summit plus over 300 cars, trucks, and SUV’s to choose from you’ll be able to get into a new vehicle fast. Stop by or apply online here! Put your refund to good use and drive away today!
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