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6 Tips to Smartly Spend Your Tax Refund

According to the IRS, 111 million taxpayers received tax refunds last year, averaging around $2,860. While a refund that size might be a welcome surprise, it would be a financial mistake to spend it frivolously. Instead of squandering a refund, consider these suggestions that can help to maximize your money and advance your financial future.

Reassess withholdings for next tax season: Sure, getting a sizeable check from the IRS may seem nice, but if a refund is unusually large, you should consider withholding less income from your paycheck. Think about it, if you receive a big refund once a…

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