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Tax Refunds: Smart Spending

This is a news story, published by Yahoo Finance, that relates primarily to IRS news.

personal finance & financial education news

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average refund
GOBankingRates

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Business

Business & Economics

Here are the best ways to spend your tax refund for maximum financial impact in 2025

GOBankingRates
Summary
Nutrition label

77% Informative

As of March 21, 2025 , the average refund stands at $ 3,221 , according to the IRS .

About 1 in 3 Americans plan to use their tax refund to pay down debt.

Invest your tax refund in a high-yield savings account and save for a home.

Invest in your children’s education and grow your nest egg.

VR Score

78

Informative language

81

Neutral language

62

Article tone

informal

Language

English

Language complexity

32

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

long-living

External references

12

https://newsroom.transunion.com/q3-2024-ciir/https://educationdata.org/average-cost-of-collegehttps://www.gobankingrates.com/taxes/refunds/reasons-your-tax-refund-will-be-higher-in-2025/?hyperlink_type=manual&utm_term=related_link_1&utm_campaign=1302154&utm_source=yahoo.com&utm_content=2&utm_medium=rsshttps://www.irs.gov/newsroom/filing-season-statistics-for-week-ending-march-21-2025https://www.gobankingrates.com/saving-money/savings-advice/clever-ways-to-save-money/?hyperlink_type=manual&utm_term=incontent_link_2&utm_campaign=1302154&utm_source=yahoo.com&utm_content=3&utm_medium=rsshttps://www.gobankingrates.com/taxes/refunds/how-long-to-get-tax-refund/?hyperlink_type=manual&utm_term=incontent_link_1&utm_campaign=1302154&utm_source=yahoo.com&utm_content=1&utm_medium=rsshttps://zondahome.com/2024-cost-vs-value/https://nrf.com/research-insights/holiday-data-and-trends/tax-returnshttps://www.fool.com/money/research/credit-card-debt-statistics/https://www.gobankingrates.com/taxes/deductions/common-tax-deductions/?hyperlink_type=manual&utm_term=related_link_2&utm_campaign=1302154&utm_source=yahoo.com&utm_content=5&utm_medium=rsshttps://www.gobankingrates.com/taxes/refunds/things-you-should-do-if-you-receive-tax-refund-of-500/?hyperlink_type=manual&utm_term=incontent_link_3&utm_campaign=1302154&utm_source=yahoo.com&utm_content=4&utm_medium=rsshttps://www.irs.gov/newsroom/401k-limit-increases-to-23500-for-2025-ira-limit-remains-7000

Source diversity

7

newsroom.transunion.comeducationdata.orgwww.gobankingrates.comwww.irs.govzondahome.comnrf.comwww.fool.com

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