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Many Plan To Save Tax Refund

Posted on: 4:41 pm, February 14, 2014, by

TAXTROUBLE

(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.

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