Over a third of Americans plan to spend their tax refund right away, mostly to pay bills (via CNBCMakeIt)
In fact, 1in 3 taxpayers plan to spend their refunds immediately, a new survey from tax preparation company Jackson Hewitt found. The company surveyed 1,000 American adults in March 2022.
Only 5% of taxpayers surveyed said they planned to spend their tax refund on entertainment expenses such as vacations and concerts, while 2% said they would put it toward a major life event such as a wedding or home purchase.
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