What Will You Do With Your Tax Refund This Year?

Published on February 27, 2026

Tax season is here, and many people are thinking about their tax refund. If you’re looking for inspiration, there are plenty of creative tax refund ideas to consider. Whether you see it as a little bonus or a chance to get ahead financially, the big question is: what will you do with it?

Here are some smart and practical ways to make most of your tax refund:

Consider putting part of your refund into a Share Certificate Account (like a bank’s Certificate of Deposit or CD). This is a safe way to grow your money with a fixed interest rate over time. Plus, it’s a great opportunity to plan for future expenses while earning more than a standard savings account. TEG’s Share Certificate Accounts and Rates.

Pay Down Debt

If you have credit card balances, personal loans, or other debt, using your refund to pay them down can reduce interest costs and give you more financial freedom.

Invest in Your Future

Think about contributing to a retirement account or other investment vehicles. Even a small contribution can grow over time and help you reach your long-term financial goals.

Make Necessary Home Improvements

From small repairs to upgrades that save on every bills, using your refund to improve your home can add comfort and even increase its value.

Treat Yourself (Responsibly)

It’s okay to enjoy a little of your refund! Consider setting aside a portion for something fun or meaningful, like a hobby, a night out, or a special gift.

No matter how you choose to use your tax refund, taking a thoughtful approach can help you feel confident in your financial decisions. Even small steps—like opening a share account, paying off a bill, or saving for the future, can make a big difference over time.