It's tax time - and for some, that means a little more of your own cash in your pocket. Many companies will offer to "double your tax refund", provided you participate in a contest, sweepstakes or make a qualified purchased. In this article, we scout out the best of 2011's opportunities designed to get twice the mileage from your return. (For related reading, also check out 5 Ways To Receive Your Tax Refund.)
TUTORIAL: Personal Income Tax Guide

Turbo Tax's VIP Trip and Double Refund Sweepstakes
In celebration of the new SnapTax iPhone and Android app, TurboTax is giving away a trip to L.A., as well as up to $2,000 in tax refund matching. (You do not need to make a purchase or have your taxes done by TurboTax to be entered to win.) Entrants must watch the video at the sweepstakes link and fill out the entry form by March 25 to be eligible.

Liberty Tax's My Refund Story Contest
This tax preparation provider, based out of Virginia Beach, VA (but with a national client base) is giving those who have used the service a chance to double their refunds just by sharing their stories. The most compelling and unusual experiences are eligible, and a minimum of six entrants will be chosen to win twice their refund amount, and a chance to have their story made into video. There is a maximum of $5,000 awarded per winner, and residents of New York are not eligible.

Green Dot's Double Your Refund Sweepstakes
By choosing to have your federal tax refund deposited onto a reloadable prepaid card from Green Dot, you are entered to win twice your refund amount (up to $5,000.) There will be a total of 10 winners in this promotion, and the prize can be awarded as a credit on the Green Dot card with which you signed up, or presented as a check. You don't need to have an account with Green Dot or use one with your refund, however, and you can even enter this one by mail.

Double Your Money for LASIK Surgery
This offer is regional (and we can't vouch for the services offered at a particular provider), but it is a reflection of the trend nationwide for eye surgeons to bring in new business with a "double your refund" promotion. While almost all of these deals have a limit on how much credit the consumer will receive, even a savings of $1,000 could make the procedure more affordable.

Twice the Car when Using Your Refund
Auto dealers were among the first to offer to credit twice the amount of a tax refund towards a purchase. Canada's GoAuto, for example, will accept an H&R Block Cash Back Debit Card and double the amount towards a vehicle. Some have argued that revealing the amount of your refund to a dealer actually gives the salesman more of an idea of what you may be willing to spend (putting you at risk of paying an inflated price). Reputable dealers, however, will be more than willing to take a little less to see the car leave the lot - saving you big money in the process.

TUTORIAL: How To Manage Credit And Debt

The Bottom Line
There are many types of small businesses that will be offering double refund promotions this year - hoping to get you to buy from them. Before you jump into any purchase or commitment, however, it's always best to determine if it's the best deal for you (even with the extra discount.) These types of promotions can force a decision to buy before you're ready, and that can be costly! (For additional reading, also see Top Ways To Invest Your Tax Refund.)

Note: For full prizing and entry requirements, see the promotion official rules from each contest host.

Related Articles
  1. Taxes

    What IRS Form 1023 Is Used For

    To be treated as a tax-exempt organization, start by filling out this form.
  2. Taxes

    Late with Your Taxes? Grab IRS Form 4868

    Fill out this form to get a few more months to file your tax return. But remember, April 15 is still the payment due date if you owe taxes.
  3. Economics

    The Problem With Today’s Headline Economic Data

    Headwinds have kept the U.S. growth more moderate than in the past–including leverage levels and an aging population—and the latest GDP revisions prove it.
  4. Taxes

    What's Wrong with the American Tax System

    American's are highly taxed and we still run a deficit. We explain why.
  5. Retirement

    Top Tips for Minimizing Taxes on Social Security

    Social Security benefits are taxable under certain circumstances. Here are some ways retirees can lessen the tax burden.
  6. Term

    What is Wealth Management?

    Wealth management combines financial and investment advice, accounting and tax services, and legal and estate planning.
  7. Taxes

    Top Tips for Minimizing Taxes on Severance Pay

    A look at the top ways to lessen the tax burden on severance pay.
  8. Taxes

    What's IRS Form 1040 For?

    Most U.S. taxpayers will be familiar with the 1040. By the end of filling it out, you'll know how much tax you owe, or what your refund is.
  9. Taxes

    Explaining Double Taxation

    Double taxation refers to income taxes being imposed twice on the same source of earned income.
  10. Economics

    Understanding Deferred Income Tax

    Deferred income tax is a liability on a balance sheet that reflects income tax that is allocable to the current period, but has not yet been paid.
  1. Duty Free

    Goods that international travelers can purchase without paying ...
  2. Wealth Management

    A high-level professional service that combines financial/investment ...
  3. Tax Deductible Interest

    A borrowing expense that a taxpayer can claim on a federal or ...
  4. Deferred Tax Asset

    A deferred tax asset is an asset on a company's balance sheet ...
  5. Average Cost Basis Method

    A system of calculating the cost basis on mutual fund positions ...
  6. Crummey Trust

    An estate planning technique that can be employed to take advantage ...
  1. Are spousal Social Security benefits taxable?

    Your spousal Social Security benefits may be taxable, depending on your total household income for the year. About one-third ... Read Full Answer >>
  2. How do you calculate penalties on an IRA or Roth IRA early withdrawal?

    With a few exceptions, early withdrawals from traditional or Roth IRAs generally incur a tax penalty equal to 10% of the ... Read Full Answer >>
  3. Are credit card rewards taxable?

    Credit card rewards are taxable in the United States some of the time. The Internal Revenue Service (IRS) classifies credit ... Read Full Answer >>
  4. Are Social Security benefits taxable after age 62?

    Eligibility to collect Social Security benefits begins at age 62. Many seniors, to collect larger benefit amounts, wait until ... Read Full Answer >>
  5. What are the best free online calculators for calculating my taxable income?

    Free online calculators for determining your taxable income are located at, and Determining ... Read Full Answer >>
  6. In what instances does overhead qualify for certain tax allowances?

    Businesses are just as keen as anyone else to keep their tax burdens low by any means possible. Overhead expenses often qualify ... Read Full Answer >>

You May Also Like

Trading Center

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!