If your tax provider offers to put your tax refund on an Amazon gift card—or any other kind of gift card—say no.
Why? Because putting your tax refund on a gift card means that you’ll spend it on new purchases instead of using the money to pay down debt, build up your emergency fund, or save for the future.
And yes, gift card tax refunds have been a thing for a few years now. As Money.com reports, H&R Block is currently offering a bonus to any taxpayer willing to put their refund towards their next Amazon cart:
As Americans get ready do their taxes ahead of the April 15 deadline, the tax preparer that handles more than 20 million returns each year has a special offer for the do-it-yourself filers who use its software: Opt to get all or part (anywhere from $100 to $9,000) of your federal refund in the form of an Amazon gift card instead of cash, and you’ll receive an additional 4% on the amount you’re due.
In other words, H&R Block will turn that $2,800 into $2,912, as long as you agree to spend the money on…stuff.
Getting an extra 4% added to your tax refund might sound tempting, but remember that you don’t really get to keep the money—you have to give it to Amazon.
Link to the rest at Lifehacker
PG had no idea this was a thing. Of course, with the help of his accountant, he has not qualified for a refund for several years.