More Than Quarter of Americans Have Already Spent their Tax Return Money Expected This Year
Most respondents started filing their taxes in February (39%) or March (28%). That said, the average tax professional estimates that 41 percent of people file their personal taxes too late
As for plans for their return, more than a quarter of all those surveyed said they’ve already spent the money they’re expecting to get back this year (28%).
-Others plan to spend the money they anticipate getting to:
-pay off bills (45%)
-buy an essential item for the house or buy groceries (30%)
-or take the cash and go on vacation (19%)
Photo Courtesy: CNN