Tax Refund: Spend or Save

About 72% of taxpayers received a refund in 2018 and 2019. Here’s how consumers spent the tax refunds they
received in 2018 and what they planned to do with their 2019 refunds.

 

 

 

 

 

 

 

 

Sources: Internal Revenue Service, 2019; National Retail Federation, 2019 (multiple responses allowed)

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This material is intended for informational purposes and should not be construed as legal or tax advice and is not intended to replace the
advice of a qualified attorney, tax adviser, or plan provider.