Connect with us

Hi, what are you looking for?

OMD NewsOMD News


Anticipated 2023 Tax Refunds Amounts for Average Americans: A Breakdown

Americans Plan to Use Tax Refunds More Responsibly in 2024

Americans Anticipate Tax Refunds with Increased Responsibility

New York Post – According to a recent survey of 2,000 Americans, one in four people are not sure if they will get a tax refund this year. That is up from last year where only 20% felt uncertain. However, 43% of respondents expect to receive a refund, a slight increase from last year’s 40%. The average amount anticipated is $2,023.50 which is a bit less than last year’s average of $2,338.40.

The survey, conducted by One Poll for Cricket Wireless, also revealed that many Americans plan to use their tax refunds more responsibly this year. Two in three people said they would use the money in a more mature way. Among those expecting a refund three in five plan to save it, compared to just 26% last year. Additionally, half of respondents who experienced major life events, such as starting a retirement plan or getting a new job, intend to use their refund to support these changes financially.

READ ALSO: Claim Your Cash: Unclaimed IRS Stimulus Checks From 2020 Await You!

Tax Deadline Stress: Americans Grapple with Uncertainty and Economic Concerns

Despite these intentions, a quarter of Americans feel stressed leading up to the tax deadline. Uncertainty over what to expect is a significant factor contributing to this stress. Many are unsure about how life changes, like getting married or having a child, will affect their tax returns. Moreover, economic concerns also play a role with only a third of Americans believing the economy will improve in 2024 compared to the previous year. To cope with these uncertainties, many respondents have turned to budgeting and reduced spending.

READ ALSO: Milwaukee Mayor Johnson Claims No Police Defunding – Fact Check Reveals The Truth!

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


There is finally an update on 4th stimulus check for Social Security Recipients! Individuals who receive Social Security benefits can expect to receive a...


The attack using 14 military choppers that Russian President Vladimir Putin planned was destroyed by Ukraine using US-supplied long-range tactical missiles. Russian President Vladimir...


The Biden administration has announced recently that it plans to increase the monthly payments of seniors and veterans to $2,000. $2,000 in Monthly Payments...


In Texas, this September the SNAP payments will end, worth up to $1,691, on Friday. The household income determines eligibility. A single-person household must earn more than...