Majority of Americans plan to spend tax refund on necessities

Here’s what most Americans plan to spend their tax refunds on

A new study has found a third of Americans plan out what to spend their tax refund on half a year in advance.

(Photo via Nataliya Vaitkevich via Pexels) Many Americans are already planning how to spend their tax refunds long before they file their taxes. A recent study by TaxSlayer and Talker Research reveals that one in three people start deciding what to do with their refund up to six months in advance. Among the 2,000 respondents, 79% are confident they will receive a refund this year, and for most, this money is an essential part of their financial…