Tax Season refund options - WDAM - TV 7 - News, Weather and Sports

  • How will you spend your tax refund?

  • Thank you for participating in our poll. Here are the results so far:

    Save or invest
    25%
    8 votes
    Pay off debt
    44%
    14 votes
    Spend on Necessities
    31%
    10 votes
    Make non-essential purchases
    0%
    0 votes

Tax Season refund options

Posted: Updated:
SOURCE: MGN Online SOURCE: MGN Online
MONTGOMERY, AL (WSFA) -

Tax season is already in full swing, with the IRS reporting a busy start to the 2014 filing season.

Will you use your refund check to go on vacation, a shopping spree or pay down your credit card bills? most of us are actually opting for something else.

A survey done by TD Ameritrade shows that overwhelmingly Americans plan to save their tax refunds this year.

Here's the breakdown:

61 percent will save or invest

21 percent will pay off debt

18 percent will spend on necessities

19 percent will make non-essential purchases

We want to hear from you. How will you use your refund? Nearly half of Americans said they expect to receive a refund. If you're looking help with your taxes we have a tax guide on the home page of WSFA.com.