GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re free to read more about oureditorial guidelinesand our products and servicesreview methodology.
Whether you receive more or less, make a run at resist the temptation to spend it.
As forwhich option to choose, heres what the experts say.
you’ve got the option to spend your refund on a new trade.
These accounts offer many benefits, but it depends on the account pop in.
Note that retirement accounts have annual contribution limits.
If you receive a $3,000 tax refund, thats nearly half.
Investing your tax refund is always a wise idea, said Adams.
you’re free to also split your tax refund.
Your Home
Are you selling your property?
Sometimes, even making a few cosmetic updates can increase the property value.
With a tax refund, you could refresh your home and get higher bids.
Say you spend your refund on replacing your garage door.
The average recouped cost is over 190%, according to Remodelings2024 Cost vs. Value Report.
Stocks
In the past 10 years, the average stock market return has been 10.8%.
Investing your tax refund in stocks could lead to some high returns.
For example, say you invest the full $3,000 refund into the stock market today.
More From GOBankingRates
Share This Article:
