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Does your DOB impact your 1040?
Posted by Kim McGrigg on 4/3/2007

"What's your sign?" is not a question you typically hear from your accountant. Yet according to a recent survey by Money Management International (MMI), tax time can be very different for consumers born under different sun signs. For example, the MMI survey found that Libras expecting a refund plan to receive an average refund of $2,200, while Aries are expecting a significant $800 less. Other sign-specific findings include:

ries (March 21-April 20) Those born under this Fire sign expect the smallest refunds ($1,400). Their plan of action is to save (46%) or pay debts (32%).

Taurus (April 21-May 21) Taurus is an Earth sign, associated with practicality. Those born under this sign are the least likely to expect a refund. Of those who expect to receive a refund, only 6% were born under this sign.

Gemini (May 22-June 21)
Generally known to be logical, Gemini are the most likely to over-withhold on purpose.

Cancer (June 22-July 23)
Protective Cancers are not likely to splurge with their refunds. Of those who plan to splurge, less than 1% were born under this water sign.

Leo (July 24-August 23)
Generous Leos are more likely than those born other under signs to spend their refunds. Of those who plan to splurge, nearly 20 percent are Leos.

Virgo (August 24-September 23)
Practical Virgos are still deciding how to spend their expected tax refunds. In fact, more Virgos than those born under any other sign were “undecided” about what to do with their refunds (14%).

Does your sign influence your tax strategy? We'd love to hear your save or story.

Check back tomorrow for stats about Libras, Scorpios, Sagittarius, Capricorns, Aquarius and Pisces.

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Tax time is the perfect time to talk about financial choices, especially if you are expecting a refund.  The folks at Money Management International are dedicated to increasing the financial education all consumers – spenders and savers. (And those
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Taxpayers have extra time to file & pay!
April 15, 2007 falls on a Sunday, and Monday, April 16, is a legal holiday in the District of Columbia. This means the entire country has an April 17 deadline!
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