Rain chances possible starting middle of next week

SURVEY: Most Americans plan to save their tax refunds

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

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.