NBC News tells how Americans plan to spend their tax refunds this year:
A TD Ameritrade survey released last month found that 47 percent of those expecting to get a refund plan to bulk up their savings account with it, while 44 percent plan to use the money to pay debt.
About 28 plan to spend at least some on necessities and 15 percent plan to splurge on something discretionary. Respondents were allowed to pick more than one answer.
FYI, the average tax refund last year was around $2,900.
Here's what I'm planning on doing with my refund this year: nothing. I'm not planning on getting a refund. In fact, I'll likely owe a good amount. My CPA is still working the final numbers and there are lots of moving parts, but I'm anticipating having to pay.
How about you? Will you be getting a refund? If so, what do you plan to do with it (or what have you already done with it)?