Wise Spending: Tax Refunds For A Bail Payment
Each year, taxpayers are eligible to receive a refund on their income tax if what they owe is less than the sum of the total amount of withholding and estimated taxes they paid for the year. This money that is given back at the end of the financial year is money all taxpayers look forward to (who wouldn’t?!). The amount returned to each person will of course vary for each person according to their income but overall, no matter how big or small the amount is, it is a very welcomed tax refund.
With situations in the past, individuals have applied their tax refund money towards bail bond payments and it has helped them out a great deal. Of course no one anticipates this kind of predicament to arise, but if or when it does, it’s a great feeling to know that you have prepared that “cushion” for the trials and tribulations that you may be facing. Having to pay for bail is not at all anticipatory.
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Paying for bail is:
- Never something that anyone thinks they’d have to be committed to paying.
- Never something that anyone is really financially equipped to be paying at the time of the occurrence.
People save money for college, vacations, retirement, but never do they intentionally save up for bail money. When “free money” comes along, if ever, it’s still always a good idea to use it wisely rather than blow it away.
When you receive your tax refund, take some time to revisit your budget and remember to keep in mind those bail payments you promised to make. You can always speak with a Delano Bail Bond Store agent who are available 24 hours a day, 7 days a week.
We, and your tax refund, are always here to help!