Tax Refunds

Tax Refund Realities and How Americans Spend and Save Their Tax Refunds [Infographic]

Written by TurboTaxLisa
Published Feb 3, 2020 - [Updated Mar 4, 2020]
1 min read

Refund season is officially here and considering last tax season the average tax refund was close to $3,000, now is a good time to get this tax filing party started and also plan what you are going to do with your tax refund. For many Americans, the tax refund is the biggest paycheck of the year, however our data shows that most people spend it within 21 days. We as a company are rethinking what tax refunds can be for our customers and how we can help our customers look at refunds as an opportunity to improve finances. To kick off refund season, check out our infographic based on our survey, that reveals some interesting findings on taxpayers’ Tax Refund Realities and how they spend, save, or splurge their tax refunds.

Lisa has over 20 years of experience in tax preparation. Her success is attributed to being able to interpret tax laws and help clients better understand them. She has held positions as a public auditor, controller, and operations manager. Lisa has appeared on the Steve Harvey Show, the Ellen Show, and major news broadcast to break down tax laws and help taxpayers understand what tax laws mean to them. For Lisa, getting timely and accurate information out to taxpayers to help them keep more of their money is paramount. More from Lisa Greene-Lewis