Have you checked your IRS income tax refund status? If you haven’t, then you should go to the IRS web site and use an online tool there that will give you your refund status. To get the information, you need to input your Social Security Number, your Filling Status, and the exact whole dollar amount as shows on your tax return.

If I may suggest, you should use your refund in the best possible way for your long-term benefit by investing it. If you just spend it on something consumptive, then you won’t get any long-term benefit. But if you invest the money, you will enjoy the reward for years to come.

It will be even better if you can minimize your refund and just invest the money right away. Why wait for the federal tax refund if you can use the money now? Looking at the time value of money, the money in your hand now is more valuable than those that you receive later. Why? Because you can get more interest by investing it earlier. That’s something you should consider. Either way, don’t forget to check your IRS income tax refund status if you haven’t done it already.