The Internal Revenue Service says it has $164.6 million in undelivered refund checks that belong to about 111,893 taxpayers. Most of that unclaimed money is sitting at the IRS due to mailing address errors.
As tax season is coming up, many people are anticipating receiving a tax refund. Last year, the average tax refund was $3,036. Many folks might not be thinking about it quite yet, but with the busy holidays fast-approaching, before you know it, you’ll be wondering what the best way to use that chunk of change is.
What are you going to spend your tax refund on? According to CNN, most people plan to pay off their credit cards or catch up on other bills. Yes that is the safe and practical thing to do, but all I could think of was BOOORING.
I was surprised to learn that the average tax refund last year was over $2700 and that this year it’s already up 10%. If you’ve never had that large of a tax refund before, you might not know what you should do with it.
So maybe it’s not your 10 year high school reunion or your 40th birthday, but finishing your taxes is a milestone nonetheless. And, even better, it’s a reason to celebrate! Here’s some 7 ways to celebrate Spring and your taxes being done!
Many people want to take their tax return money and take a vacation. Using extra money for a life experience is a great way to spend it. However, you don’t have to spend all of your tax refund on an expensive vacation.