Results: Top 8 Ways That Americans Want to Use Tax Refunds in 2024
Published on 04/10/2024
Source: https://www.fool.com/the-ascent/taxes/articles/survey-shows-top-8-ways-that-americans-want-to-use-tax-refunds-in-2024/
QUESTIONS
GO to COMMENTS
Comments
1.
1.
According to IRS data, as of March 29, 2024, the average tax refund for 2024 was $3,050. Did you receive or will you receive a refund of around $3,050?
Yes
10%
257 votes
No, more
7%
183 votes
No, less
14%
391 votes
No, a LOT less
24%
641 votes
I haven't filed yet
14%
373 votes
Other (please specify)
4%
116 votes
Not Applicable
27%
739 votes
| Other Answers | Percentage | Votes |
|---|---|---|
| 0.92% | 18 | |
| No refund | 0.25% | 5 |
| None | 0.25% | 5 |
| I paid | 0.15% | 3 |
| I owe money | 0.15% | 3 |
| i owed | 0.15% | 3 |
| owe | 0.15% | 3 |
| i pay | 0.10% | 2 |
| I have to pay. | 0.10% | 2 |
| have to pay | 0.10% | 2 |
| I owe | 0.10% | 2 |
| nada | 0.05% | 1 |
| had to pay | 0.05% | 1 |
| no, i have to pay | 0.05% | 1 |
| No refund at all | 0.05% | 1 |
| owed tax | 0.05% | 1 |
| No refund for me. I have hefty income tax due. | 0.05% | 1 |
| dont file | 0.05% | 1 |
| No, I'll have to pay. | 0.05% | 1 |
| No refund on a fixed disability a few monthly quarterly credits though. | 0.05% | 1 |
| I PAY BACK | 0.05% | 1 |
| $0 refund | 0.05% | 1 |
| Owed | 0.05% | 1 |
| owe money | 0.05% | 1 |
| I haven't gotten money back in more than 5 years. I generally break-even and don't owe anything. | 0.05% | 1 |
| I will owe | 0.05% | 1 |
| I don't know yet | 0.05% | 1 |
| None , have to pay | 0.05% | 1 |
| had to pay in more | 0.05% | 1 |
| Owed taxes | 0.05% | 1 |
| Owe $ | 0.05% | 1 |
| Tax payable | 0.05% | 1 |
| i have to pay | 0.05% | 1 |
| Don’t qualify | 0.05% | 1 |
| retired out of the rat race | 0.05% | 1 |
| I OWE THE IRS! | 0.05% | 1 |
| I owed $3700 | 0.05% | 1 |
| no refund - no payment | 0.05% | 1 |
| Do not know | 0.05% | 1 |
| i get to pay | 0.05% | 1 |
| I just dropped mine off at the tax agency this afternoon. I doubt I'll get anything back. | 0.05% | 1 |
| Had to pay IRS | 0.05% | 1 |
| paying in | 0.05% | 1 |
| No I owed money | 0.05% | 1 |
| owe taxes | 0.05% | 1 |
| No income tax received due to disabled | 0.05% | 1 |
| I had to pay. | 0.05% | 1 |
| no i paid | 0.05% | 1 |
| i end up paying | 0.05% | 1 |
| paid a bunch | 0.05% | 1 |
| I don't make enough to file so I get no refund. | 0.05% | 1 |
| we paid | 0.05% | 1 |
| I have a balance due to the IRS | 0.05% | 1 |
| Zero. | 0.05% | 1 |
| None. | 0.05% | 1 |
| If you are getting a refund of more than $3,000, why not pay less to begin with? | 0.05% | 1 |
| Paying $1300 | 0.05% | 1 |
| I owe money. | 0.05% | 1 |
| I am paying | 0.05% | 1 |
| I owe them money | 0.05% | 1 |
| No, we had to PAY this year! | 0.05% | 1 |
| owe over 300 | 0.05% | 1 |
| I pay taxes | 0.05% | 1 |
| no refund, had to pay | 0.05% | 1 |
| None at all 0 | 0.05% | 1 |
| i dont file taxes , i file tax rebate | 0.05% | 1 |
| no refund for 30+ years | 0.05% | 1 |
| Paid in 3000 | 0.05% | 1 |
| no refunds | 0.05% | 1 |
| I owe! | 0.05% | 1 |
| I don’t get a refund, my husband does though | 0.05% | 1 |
| I don't file taxes | 0.05% | 1 |
| I will not receive it at all. Where is this option? | 0.05% | 1 |
| No refund for me at all this year | 0.05% | 1 |
| paid 300.00 | 0.05% | 1 |
| I alway pay | 0.05% | 1 |
| None this year | 0.05% | 1 |
| No refund paying just over that amount | 0.05% | 1 |
| No, I owe them. | 0.05% | 1 |
2.
2.
Here are the top eight personal finance impacts of tax refund sizes -- the financial decisions that Americans are considering, based on how much money they get back at tax time. Are you planning to use your refund on any of these? Select all that apply. Groceries and household items
22%
592 votes
Travel/vacations
11%
309 votes
Dining out
7%
177 votes
Delaying other bill payments (credit cards, loans, etc.)
8%
212 votes
Gas and transportation
8%
220 votes
Streaming services & subscriptions
3%
84 votes
Putting off medical/healthcare appointments
2%
64 votes
Daycare/child care
1%
24 votes
Not Applicable
59%
1586 votes
COMMENTS