Article Correctness Is Author's Responsibility: Study Finds Strategies to Encourage 50 Percent Tax-Refund Saving

Newswise imageThe W-2s are arriving, and taxpayers are preparing to file their 2017 federal income taxes. For low- and moderate-income taxpayers, the possibility of a modest windfall looms: Will they receive a refund?For these taxpayers, 80 percent of the time, the answer will be yes. So what happens next is key. Will taxpayers immediately absorb their tax refund into short-term expenses? Or can they be persuaded to save it for more long-term needs or as a rainy-day fund?In a research paper set for publication in the next issue of the journal Behavioral Science & Policy, a team of researchers, including two from Washington University in St.