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Make the most of your tax refund

Did you get a tax refund this year?

You can probably think of a thousand ways to spend the extra money. But don’t act too fast! You can maximize your tax refund by using it to improve your financial situation.

74% of taxpayers received a tax refund in 2018.

Average tax refund amount in 2018: $2,793

Tax refund trends

Here’s what Americans do with their tax refunds.

43% Put the money in savings
36% Pay off debt
10% Spend it on vacation
6% Splurge on a luxury purchase
5% Make a major necessary purchase

Talk to a financial advisor

Fill out the contact form or call us at (877) 820-2265 to schedule a meeting with a financial advisor who can walk you through smart ways to use your tax refund and achieve your financial goals.

Knowledge Center Articles

This financial institution does not give tax advice. Consult your tax advisor for information specific to your situation.
Sources: IRS 2018 and Prior Year Filing Statistics and GoBankingRates 2018 Survey

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