More than half of all Americans have no savings to help them cope with even small emergencies. Yet more than 100 million taxpayers get refunds from the IRS each year. For many individuals and families, that tax refund is the largest check that they will receive all year, the perfect windfall to start or grow an emergency fund.
In the 2018 tax season, SaveYourRefund will once again offer tax filers the chance to win cash prizes for saving a portion of their tax refunds. Now in its sixth year, SaveYourRefund is a partnership between Commonwealth and America Saves that provides fun and exciting incentives for Americans to save at tax time, when households making less than $50,000 claim $100 billion in federal tax refunds. A chance to win one of two $10,000 grand prizes or one of 100 smaller prizes of $100 is enough to turn a savings skeptic into a savings believer.
Last year, SaveYourRefund helped nearly 3,000 tax clients save over $2.1 million and gave away $35,000 in cash prizes. We’re looking forward to building on last year’s success and continuing to reward those who save at tax time with 100 weekly prizes and two $10,000 grand prize winners.
Here’s three ways your organization can get involved with SaveYourRefund and spread the word:
1. Sign up to be a 2018 SaveYourRefund Partner
Partners help us by spreading the word and promoting SaveYourRefund in their communities.
If your organization works with and/or is affiliated with a Volunteer Income Tax Assistance (VITA) program, this is an exciting and fun way to promote automatic saving during tax time. Staff and volunteers at these organizations are helping clients to enter the SaveYourRefund promotion when they file their taxes. But any organization can become a partner a spread the word.
By signing up as a Partner, you will receive communications about the promotion, including information on trainings and promotional materials.
2. Spread the word about SaveYourRefund
Help us change as many lives as possible with SaveYourRefund by encouraging your partners and aligned organizations to join you in becoming SaveYourRefund partners. Share this blurb on your website, in your blog, or your newsletter.
You can also share the opportunity on social media:
#SaveYourRefund 2018 is around the corner! Sign up as a partner for upcoming tax season: http://bit.ly/2dSomaU
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3. Promote tax time savings on social media
Mary, the winner of the 2015 grand prize was living with her family of five in a single motel room when volunteer tax preparers in Lakeland, Florida told her about SaveYourRefund. She said the possible prize motivated her, and the volunteers and the SaveYourRefund program enabled her, to start a new habit of saving. Help us motivate thousands of Americans like Mary by sharing these messages about tax time savings and SaveYourRefund on social media:
Use Form 8888 when you file taxes to split your refund into two parts for spending and savings! #SaveYourRefund
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With $30k in prizes + 102 chances to win, #SaveYourRefund is BIG incentive to save: http://bit.ly/2enJLME
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How Ivonne won $25k by saving a portion of her #taxrefund: http://bit.ly/2rYq81q v/ @AmericaSaves #SaveYourRefund
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Meet the #SaveYourRefund photo contest grand prize winner of life-changing $25,000: http://bit.ly/2rYpyks
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Avg $827 saved by #SaveYourRefund entries is great start to build emergency fund/pay debt: http://bit.ly/2enJLME
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Meet lucky ’17 winners of $100-10K by saving portion of #taxrefund through #SaveYourRefund: http://bit.ly/2rpknwX
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Visit SaveYourRefund.org to sign up today.