For more details on American’s planned use of tax refunds, tax preparation process, and opinions on new tax laws, please click on the press release or presentation deck below:
Tax Refund Study
US Consumers Plan to Be Responsible with 2018 Tax Refunds
A recent MaritzCX study of a representative sample of U.S. citizens* found that most plan to be fiscally responsible with their 2018 tax refunds. Saving topped the list of tax refund uses with 32% of the population surveyed planning to put some money in the bank.
Other responsible uses of tax refunds included paying bills (31%), and paying off loans (6%). The wealthier (earning $150K+ annually) were more likely to save their refund (49%) while only 30% of those earning between $25K-$100K annually said they would save their refund.
* MaritzCX commissioned an online survey from March 9th through March 13, 2018 using the Research Now panel. A total of 600 surveys were collected with the population balanced to the U.S. Census by gender, age, income, ethnicity and geography.