Tax season is here, which means you might be getting a tax refund soon. However, as top names in personal finance are quick to remind us, a refund is simply the government returning a 0% interest loan you gave it over the last year.
The Tax Foundation estimates that the average tax refund will grow from $3,052 in 2024 to $3,800 for tax year 2025, so it’s important to know what to do with that money.
