This is the Most Popular Thing To Do With a Tax Refund
Tax refunds are fun money, right? It depends on how you define "fun." It might surprise you what most people are planning to do with the tax refund this year.
And if you're still looking for free tax help in Boise, this is where you can find it.
Most people who get tax refunds are planning to sock it away in savings. That's according to a new survey from GoBankingRates, that say 41 percent of us plan to put the big fat refund right into savings and forget all about it. Well, maybe we'll keep out a little bit for a mani-pedi or a new tablet, but the rest will be stockpiled.
If you're not saving the money, these are the other ways we're spending the tax refund, according to the survey:
Pay off debt – 38%
Put the money toward a vacation – 11%
Splurge on a purchase – 5%
Make a major purchase – 5%
Guess which gender will urge for the major purchase the most? Men. Seven percent of guys will want to make a major purchase with the tax refund and only three percent of women. Or maybe you'll work together on the granite counter tops for the house.
The IRS deadline is usually April 15th, but because of holidays and Sundays, you have until April 18th to file this year. And if you need help, the Boise Public Library is offering free tax prep services again this year, including this Wednesday, February 22, through the VITA program. This free tax prep runs Wednesday afternoons from February 1 through April 12th from 12pm to 4:15pm, and they ask that you get there before 3pm so they have enough time to work on the return.
Taxes can a little bit fun after all. When they're finished!