Dec 18, 2020 | Public Policy Blog, Tax-time Savings
By Janie Ginocchio In April 2019, we announced that Gov. Asa Hutchinson signed Act 774 of 2019, which required two direct deposit lines on the state income tax form so you could split your state refund into two bank accounts. This year, we facilitated the passage of...
Jul 8, 2020 | Public Policy Blog, Tax-time Savings
Mississippi Governor Tate Reeves signs a proclamation designating Mississippi Saves Week. Last week, Governor Reeves signed HB 597 into law, adding a second line for savings for the 2021 tax year. By James Owen Mississippians have a powerful new tool to save money,...
Jul 18, 2019 | Public Policy Blog, Tax-time Savings
By Janie Ginocchio As discussed in previous blog posts, income tax time is a good opportunity to encourage people to save, as tax refund checks are often the largest lump sum payment a household will receive all year. Southern Bancorp encourages savings at tax time...
Apr 11, 2019 | Public Policy Blog, Tax-time Savings
Back in October, we wrote about the need to save, specifically at tax time. Why? Because that’s the time that most Americans receive their largest lump sum all year. Combined with research that shows savings habits are stronger when money is immediately placed into a...
Mar 4, 2019 | Public Policy Blog, Tax-time Savings
Recently, we talked about New Year’s resolutions and how to make them easier to keep. This week, we’re going to talk about some tools that you can use to help you keep them. All last fall on this blog, we talked about ways to save. A new year and new resolutions can...
Feb 26, 2019 | Press Releases, Tax-time Savings
LITTLE ROCK – As part of America Saves Week 2019, February 25 – March 2, Southern Bancorp Bank, a wholly owned subsidiary of Southern Bancorp, Inc. and one of the nation’s largest community development banks, is partnering with Southern Bancorp Community Partners...
Feb 22, 2019 | Public Policy Blog, Tax-time Savings
By Kathryn Hazelett Resolution (/ˌrezəˈlo͞oSH(ə)n/), noun: a firm decision to do or not to do something. Ah, New Year’s resolutions. Most of us make them and very few of us keep them. By this point in the year, we’ve probably all abandoned at least one. How can we...
Feb 20, 2019 | News, Tax-time Savings
Arkansas and Mississippi are encouraging their residents to take the pledge to save and build long-term wealth during America Saves Week (February 26 – March 3). Arkansas Governor Asa Hutchinson recently proclaimed this same week to be Arkansas Saves Week and Military...
Nov 26, 2018 | Public Policy Blog, Tax-time Savings
As we continue talking about tax time and ways to save, one thing that we’ve left out of the conversation is the complexity we all face when trying to fill out our tax forms. We have to gather up all of our documents (most of which don’t arrive at the same time) and...
Nov 2, 2018 | Public Policy Blog, Tax-time Savings
We’ve all been nudged before. But did you know there are different types of nudges? Behavioral economists (those folks who look at why we make the choices we make with our money) have their own definition: “a subtle policy shift that encourages people to make...
