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Jack Biedebach, CFP®
LPL Financial Advisor
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Tax Refund: Spend or Save

About 72% of taxpayers received a refund in 2018 and 2019. Here's how consumers spent the tax refunds they received in 2018 and what they planned to do with their 2019 refunds.

Sources: Internal Revenue Service, 2019; National Retail Federation, 2019 (multiple responses allowed)