Expecting a refund from your taxes? Take half of it and put it to work for your retirement. Open a Traditional IRA and put half your refund into it and get a tax deduction for next year. Or put it into a Roth IRA and while no tax deduction, if you hold until 59 1/2 (or five years, whichever is greater) you will never have to pay tax on any of it. This is the only time I don’t hate refunds!