How to multiply the benefits of a tax refund

02/14/2013 | CNBC

Retirement investors can use tax refunds to increase their IRAs and get even more tax breaks, experts say. Other tax-advantaged strategies include using the money for home improvements that qualify for tax credits from the Energy Department, and replacing a mortgage escrow account that pays for property taxes and insurance. "The goal is not just to save it, but to make your refund pay you back," TD Ameritrade's Carrie Braxdale says.

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