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GOBankingRates
GOBankingRates
Angela Mae Watson

I’m a Financial Advisor: The No. 1 Thing Middle-Class Americans Should Do With Their Tax Refund

Financial Advisor
Andrii Dodonov / Getty Images/iStockphoto

Middle-class Americans could be getting a larger tax refund this year. This is thanks to the IRS not updating the federal income tax withholding tables, despite changes under the One Big Beautiful Bill Act. Heather Berger, an economist with Morgan Stanley, expects the average refund will increase by 15% to 20%.

Read More: 8 Ways Trump’s ‘One Big Beautiful Bill’ Could Offer Tax Relief

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