SURVEY: Most Americans plan to save their tax refunds

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Most Americans plan to save the tax refunds they’re expecting this year and not spend the extra cash.

That’s from a new TD Ameritrade Survey.

According to the poll, 61 % of Americans say they’ll save or invest their refunds.

21% plan to pay off debt.

18% will spend the money on necessities.

But only 19% of those surveyed say they expect to make non-essential purchases with their refunds.

The IRS says the average tax refund was 2,744 last year.