How to spend, save or invest your delayed refund check

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IRS tax refund: How to spend, save or invest your delayed refund check

Tax refunds are coming at an opportune time this year for many Americans – despite an IRS processing lag delaying the money. 

Inflation increased nearly 8% compared to last year and household savings are drying up as cash-strapped consumers take on more credit card debt to finance purchases. 

The IRS has issued more than 57.9 million refunds totaling nearly $189 billion, as of March 25. The average refund was $3,263, up 12.4% from a year ago, according to the IRS. 



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