Tags: tax | refunds | savings

Half of Americans Getting Tax Refunds Plan to Put Them Toward Savings

Half of Americans Getting Tax Refunds Plan to Put Them Toward Savings
(Dondesigns/Dreamstime)

Tuesday, 16 April 2019 02:25 PM

More Americans who received a refund last year are planning to stash their cash this filing season.

Of the 65 percent who expect a refund, 50 percent have earmarked it for savings, up slightly from those surveyed in 2018, according to the National Retail Federation’s annual tax-return poll.

Of those filing, 68 percent expect to submit their returns online, an increase of 1 percentage point from a year ago and up from 53 percent in 2009.

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Personal-Finance
More Americans who received a refund last year are planning to stash their cash this filing season.
tax, refunds, savings
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2019-25-16
Tuesday, 16 April 2019 02:25 PM
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