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10 Ways to Waste Your Tax Refund

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If you’re like the majority of taxpayers, you’ll likely get a refund this spring, and chances are it will be a nice chunk of change. The average refund these days is about $3,000. Think of all the things you can do with that money. We’ve identified 10 enticing but wasteful ways to blow your refund; consider our money-smart alternatives instead.

And if your refund was substantial, consider giving yourself an immediate raise throughout 2016 by adjusting your tax withholding to increase your take-home pay. Use our Tax Withholding Calculator to figure out how many allowances you should claim.

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