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Kiplinger
Kiplinger
Business
Kathryn Pomroy

Seven Ways to Spend Your Tax Refund

Drawing of a hand holding a tax refund check coming out of a mailbox.

You may have already received your tax refund — or you will soon. In 2024, the IRS expects the average tax refund to be about $3,138. That’s a pretty good chunk of change, and it makes smart financial sense to make the most of it.

When the check arrives or is automatically deposited in your bank account, it can be tempting to indulge in dinners out, add an extra streaming service or buy presents for everyone in the family (and all of your friends, too).

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