According to an Associated Press-GfK poll released today, most Americans say they plan to use this year's tax refund to pay bills during this bad economy.
Quick Facts:
- 57 percent of adults said they expect to receive a tax refund
- 54 vs. 35 percent (2008) receiving refunds said they intend to pay off credit card, utility, housing and other bills
- Five percent (same in 2008) said they planned to go in a shopping spree
- 38 percent receiving a refund said they plan to spend part of it
- Three percent plan on investing in real estate
- The average refund this year is about $2,700, compared with $2,500 last year
The deadline for individuals to file their 2008 tax returns is Wednesday. The quickest way to file your tax return is online and have the refund deposited directly into a bank acccount. Online returns take about 10 days to process, according to the Internal Revenue Service commissioner, Doug Shulman.
The AP-GfK poll was conducted April 3-7 and involved phone interviews with more than 1,000 adults. The margin of sampling error is plus or minus 3.1 percentage points for
the sample.
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