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Home > Blogs > Ohio politics > Archives > 2009 > November > 10 > Entry
Tax refunds could go directly toward retirement
Ohio taxpayers could have their state income tax refund checks deposited directly into a retirement savings account, such as a 401(k) or an individual retirement account, if a bill sponsored by state Sen. Eric Kearney, D-Cincinnati, becomes law.
Kearney says the bill would make retirement saving easier and it would cut costs for the state. The Ohio Department of Taxation already allows direct deposit of refunds for checking or savings accounts.
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