[Maine Mariner]

I have used refunds to fund an IRA contribution. Usually, I file my tax forms for say 2008 in January or February 2009. I use the refund for an IRA contribution in 2008 which does not need to be made until April 15, 2009.
If you get a refund-it is your money that the government has been holding some of it for a year with no interest.

There is another option-don’t declare the IRA contribution until you get your refund and then file an amended return. You should get a refund of the amount of your IRAxYour marginal tax rate.
Hope this helps

[Maine Mariner]

Opps:
Amount of refund on amended return: Amount of IRA Contribution for tax year 2008 times your marginal tax rate.