Save \Or Spend Your Tax Refund This Year? - KALB-TV News Channel 5 & CBS 2

Save Or Spend Your Tax Refund This Year?

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Most americans plan to save the tax refunds they're expecting this year instead of spending the extra cash. That's from a new T-D Ameritrade survey.

According to the poll, 61-percent of americans say they'll save or invest their refunds while 21-percent plan to pay off debt. Eighteen percent will spend the money on necessities.

The Internal Revenue Service says the average tax refund was $2,744 last year and this year it will be in that neighborhood. 

 

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