Smart Strategies for Using Your Tax Refund [Infographic]
Written by a TurboTax Expert • Reviewed by a TurboTax CPA
Updated for Tax Year 2021 • December 9, 2022 01:01 PM
OVERVIEW
According to the IRS, the average federal tax refund for personal tax filers was $2,827 in tax year 2020. While it might be tempting to see this extra cash as a chance to splurge, consider using it to improve your finances.
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File 100% FREE with expert help
Get live help from tax experts plus a final review with Live Assisted Basic.
For simple tax returns only.
See if you qualify.
Limited time offer. Must file by 3/31.
Get your max refund
Answer simple questions about your life and TurboTax Free Edition will take care of the rest.
For simple tax returns only
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