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NEW YORK (AP) - Jennifer Butler used most of her savings last year as the down payment on her first apartment. So she's decided that her federal income tax refund this year is going straight into a Roth IRA, a tax-sheltered retirement savings account.
"Saving is important to me, but I couldn't do much last year," she said. "Now I'm trying to build back up."
Butler, a senior account executive with the New York media relations firm Manning, Selvage & Lee, said she signed up with the IRS to have her refund automatically deposited, "so I've been checking my bank account every morning so see if it's there."
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