Although it may not always be ideal to have a large tax refund, it’s definitely better than owing the IRS. If you’re not sure how to spend it yet, check out Mint’s suggestions in their infographic, “When to Expect Your Tax Refund (and how to spend it!)” While it is tempting to go shopping after receiving a large windfall, you can use your tax refund to lower your debt, save for retirement, and reach other financial goals.
Are you expecting a tax refund this year? What are you planning on doing with it?