A new study has found a third of Americans plan out what to spend their tax refund on half of a year in advance.
Commissioned by TaxSlayer and conducted by Talker Research, the new poll of 2,000 U.S. taxpayers found 79% believe they’ll get some sort of refund this year, and many of them have already planned out what to spend it on.
A majority (52%) said their tax refund is an important part of their budgeting plans, and 77% plan to spend their refund on necessities.
Chief among necessities were bills like rent (52%), groceries and essential items (44%) and credit card debt (37%). Over half (56%) of those spending their refund money on credit card debt are specifically targeting their holiday season purchases.
Commissioned by TaxSlayer and conducted by Talker Research, the new poll of 2,000 U.S. taxpayers found 79% believe they’ll get some sort of refund this year, and many of them have already planned out what to spend it on.
A majority (52%) said their tax refund is an important part of their budgeting plans, and 77% plan to spend their refund on necessities.
Chief among necessities were bills like rent (52%), groceries and essential items (44%) and credit card debt (37%). Over half (56%) of those spending their refund money on credit card debt are specifically targeting their holiday season purchases.
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