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The US taxpayers population has different opinions on using their tax refunds.
The Gen Zs, who are part of the US taxpayers association, are reportedly focused on investing the money they got from tax refunds. (Photo: GoLegal)
The Plans Of The US Taxpayers Population
More than two-thirds of the US taxpayers population are expecting a tax refund this year, with the average refund increasing by 4.3% year-over-year. The top intention of most of the US taxpayers population for using tax refunds is boosting savings, followed by paying down debt and everyday expenses.
The IRS has delivered almost 29 million refunds to the US taxpayers population so far, with an average amount of $3,213. Despite an increase in credit card debt compared to emergency savings, the focus on debt reduction as an intention for refunds has decreased among the US taxpayers population.
Gen Zs, who are among the US taxpayers population, are focused on investing their tax refunds, while the other part of the US taxpayers population are prioritizing building up savings for future goals like buying a home.
According to a published article by SmartNews, Bankrate senior industry analyst Ted Rossman is advising the US taxpayers population on a balanced approach to using tax refunds. Rossman is also suggesting the US taxpayers population allocate some funds for debt payoff, savings, and a bit of fun money.
Islanders Getting Paid
In a published article by CBC, To combat a 35% increase in litter, Islanders will now be paid three times as much for returning bottles and cans to a recycling depot.
The deposit on beverage containers will double, but the payout on returned items will triple. The new rates are expected to come into effect this summer.
New Brunswick is also doubling its payouts, but PEI’s plans were already in motion. The government is looking into different models to ensure the success of this program without putting anyone out of business.
