As we prepare for the 2020 tax season, we’re excited to announce that AARP Foundation will become the primary sponsor of the SaveYourRefund promotion. Commonwealth will continue to be involved by providing technical assistance and promotional support. AARP Foundation is the charitable affiliate of AARP, tackling poverty with bold, innovative solutions, and we are thrilled that SaveYourRefund will continue to bring fun, excitement, and prizes to tax time!
Use Form 8888 when you file your taxes to split your refund into two parts, one for spending, one for savings.
Save as little as $50 of that split into a savings account, certificate of deposit, IRA, prepaid card, savings bond, or Treasury Direct account.
Enter to win a $100 prize by giving us your savings information, and enter a contest for the grand prize by submitting a photo of your savings goal or motivation.
With $30,000 in prizes and 102 chances to win, SaveYourRefund gives Americans big incentives to save part of their tax refund. The promotion, now in its seventh year, is offered by AARP Foundation with technical support from Commonwealth.
SaveYourRefund is made possible by organizations across the country who are helping Americans take full advantage of this savings opportunity. Partners help people enter SaveYourRefund at tax preparation sites and help to spread the word.
Some of our Partners offer free tax preparation assistance to clients in their communities and encourage their clients to save at tax time. They are incorporating the SaveYourRefund promotion into their work by educating clients about the opportunity and helping them enter the promotion. Some of our Partners help out just by spreading the word about SaveYourRefund in their communities. You can sign up as a 2020 Partner by clicking the button below.