Most people don’t enjoy the process of filing taxes. However, you just might find it worthwhile if you’re expecting a big refund. Based on IRS data analyzed by Business Insider, over 2.4 million residents in Tennessee received a tax refund with the average refund reaching $2,726. When you only focus on Columbia, that amounts to approximately 15,000 people receiving refunds.
With these points in mind, it’s worth examining exactly what people tend to put their tax refund towards. Based on a survey from GoBankingRates, which included 1,001 respondents, researchers found that people tend to put their refunds towards paying off debt (27 percent) and making major purchases (9 percent.)
With tax season just around the corner, you’re probably wondering exactly what you’d like to spend your tax return on. At Beck Dental Care of Columbia, we hope that our patients consider investing in their oral health, especially if they have an unfinished treatment or another dental issue. In this month’s newsletter, we’d also like to discuss how you can benefit from investments in your oral health, both in the short and long-term.