(Omaha, NE) Most Americans say they plan to save the tax refund they’re expecting this year instead of spending the extra cash.
A new T.D. Ameritrade survey shows 61% say they’ll save or invest their refunds.
21% plan to pay off debt and 18% will spend the money on necessities.
Only 19% of those surveyed say they expect to make non-essential purchases with their refunds.
The IRS says the average tax refund last year was $2,744.