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Thursday, October 29, 2020  Spokane, Washington  Est. May 19, 1883
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Nerd Wallet: When a tax refund is a lifeline, not a windfall

The typical advice about what people should do with their tax refunds – Save for retirement! Pay off debt! – ignores how little wiggle room many families have with their finances. Tax refunds averaged $2,895 last year, and were the largest single cash infusion received all year by 40 percent of the checking account holders recently studied by the JPMorgan Chase Institute. Research shows:

Wells Fargo to refund some mortgage rate-lock extension fees

As it looks to win back trust after a scandal over its sales practices, the San Francisco bank said it will reach out to customers who paid so-called “rate-lock extension” fees from Sept. 16, 2013, through Feb. 28, 2017, and give refunds to customers who don’t think they should have paid.

Idaho court ruling could force Pocatello to refund millions

BOISE – The city of Pocatello could be forced to pay back millions of dollars in excess fees following a recent Idaho Supreme Court ruling. According to the unanimous opinion, justices ruled that Pocatello’s sewer and water fees were not set at reasonable rates to help cover the costs of providing government services.

Oregon ‘kicker law’ triggered amid budget shortfall

State economists say the Oregon economy has been bustling this year, so much so that the state’s `kicker law’ may give $408 million back to Oregonians next year, plus another $75 million to K-12 education for the next budget cycle.

NerdWallet: Can’t decide what to do with your tax refund? Split it

For many people, getting a tax refund is like getting a handful of sand: It’s virtually impossible to hang on to much of it. But it doesn’t have to be that way. You can have the IRS split your refund across a number of accounts, perhaps some less accessible than your checking account, and thus keep that windfall from slipping through your fingers.

Millions of families will wait longer for their tax refunds this year

For most taxpayers, the start of the tax season usually means receiving a sizable refund check that can go toward savings, long-needed car repairs or a treat such as a vacation. But this year, tens of millions of taxpayers will have to wait longer for that windfall.

Shawn Vestal: She got tax refund faster all right, but plastic pushed at her took a bite

Emily Languell filed her taxes as quickly as she could this year. She was behind on her car payment, phone bill and other expenses. She needed the refund. Before January had expired, she was at an H&R Block office in north Spokane. Because Languell – a 24-year-old single mother who works at McDonald’s – had not filed her taxes for two years, she wanted help. Expecting a refund, she brought along her bank account information to set up a direct deposit.