We’ve reached the time of year when taxpayers cross their fingers and hope for a nice tax return as they file their taxes. In 2019, more than 111 million Americans received a tax refund from the Internal Revenue Service, with an average amount of $2,869.

Expectations seem to be high for large refund checks in 2020. About 44 percent of taxpayers expect their tax refund will be their biggest paycheck of the year, according to a survey by CreditKarma. The survey also found that 46 percent of taxpayers are expecting their refund will be at least $1,000.

So, how are people spending their tax refund money? According to a 2019 survey by TurboTax, most people said they had a plan, but those plans varied by age and sex of respondents. Here are the results of that survey.

What Are Your Plans?

If you’re thinking about making a big purchase, our loan rates are the lowest they’ve been in years. If you’re leaning towards socking it away, we have solutions for short-term, and long-term savers. The choice is yours!

Save It

Spend It 

  • Auto Loans: Enjoy our lowest rates in years, and an easy online application or pre-approval process
  • Home Loans: Fast & easy pre-approval, creative loan options, and local experts ready to help
  • RV Loans: Competitive low rates, flexible terms up to 240 months, easy pre-approval process

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