Over 82% of taxpayers receive a refund each year. The last decade has witnessed a steady rise in the tax refund amount received by average Americans. In fact, from 2005 to 2009, the average refund amount increased from $2,199 to $2,994, which signals a nearly 50% increase. Often, a tax refund is the biggest chunk of money taxpayers see all year. If you’ve filed your taxes and are waiting for your refund, download our free iPhone App, MyTaxRefund, to track your tax refund. If you’re wondering “where’s my refund?” you can find more information here.
And just what do Americans plan to spend their tax refunds on? Take a look at the interactive graphic below to find out more:
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