Overall, 30 percent of Americans intend to pay down debt with their tax refund, 28 percent say they will save or invest it, and 26 percent have earmarked those funds for necessities such as food or utility bills.
"I think it is a sign about how people feel about the economy and where we are going. There is still a lot of uncertainty out there," says Bryan Pukoff, CPA and principal at Rehmann, one of the largest financial services, accounting and consulting firms in the Midwest.