How To Invest Your Tax Return

When thinking about how to invest your tax return, prioritize your financial health over aggressive – and risky – ideas like bitcoin.

pink and blue piggy banks on wood table next to jars of coins
(Image credit: Getty Images)

Tax Day is quickly approaching and more than a few folks are likely scrambling to finish filing their paperwork. And you're one of the many getting money back this year, you may be wondering how to invest your tax return.

According to March data from the Internal Revenue Service (IRS), the average refund for 2024 is up moderately over 2023 numbers, to nearly $3,200. 

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Jeff Reeves
Contributing Writer,

Jeff Reeves writes about equity markets and exchange-traded funds for Kiplinger. A veteran journalist with extensive capital markets experience, Jeff has written about Wall Street and investing since 2008. His work has appeared in numerous respected finance outlets, including CNBC, the Fox Business Network, the Wall Street Journal digital network, USA Today and CNN Money.