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  5. Smart Strategies for Using Your Tax Refund [Infographic]

Smart Strategies for Using Your Tax Refund [Infographic]

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.


Let an expert do your taxes for you, start to finish with TurboTax Live Full Service. Or you can get your taxes done right, with experts by your side with TurboTax Live Assisted. File your own taxes with confidence using TurboTax. Just answer simple questions, and we’ll guide you through filing your taxes with confidence. Whichever way you choose, get your maximum refund guaranteed.

Taxes done right, with experts by your side

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For simple tax returns only.
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Get your max refund

Answer simple questions about your life and TurboTax Free Edition will take care of the rest.

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