Here are two questions about tax refunds:
- Are you going to get one this year?
- If so, what are you going to do with it?
I have not yet received my final tax return, so I'm not sure whether or not I will get one. My guess is that I will since I overpaid Social Security taxes (because I changed jobs). If I do, I'll simply save/invest the amount. I don't look at it as "extra" money and won't plan on going on a spending spree.
How about you? What are your answers to the questions above?
FYI, the average refund this year is over $3,000.