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May 6, 2025 1 min
Do you spend or save your tax return every year? Join Intern John, Sos, and Rose as we share what we like to use our tax return for and more!


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Transcript

Episode Transcript

Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Turns on and your morning show. I saw, did you
get your tax return yet?

Speaker 2 (00:05):
I've not gone it yet.

Speaker 1 (00:06):
Okay, Rose, you get yours yet? I think? So have
you spent it? Do you know?

Speaker 2 (00:11):
I mean it's allocated for flooring.

Speaker 1 (00:13):
Sure, They say, the majority of Americans this is what
we spent our tax returns on. So, first of all, okay,
I misread that. I thought this The average refund is
over twenty three hundred. I read that as twenty three thousand.
How much money is everybody making? Yea, So they say
nearly two thirds of us, about sixty four percent have
already spent their tax refunds or planning too soon. Mine

(00:36):
just kind of goes like the general fund in general
love and life fund.

Speaker 2 (00:40):
Whenever I get it one day, I will put in
my seeings.

Speaker 1 (00:42):
And by living life, I don't mean fun things, I
mean like bills. It goes to payoff other things. Yeah,
four and five already spent the refunds. They said, all
the money went to essentials. Yeah, seventy two percent. Who
are waiting. You're gonna do the exact same thing. The
top necessities tax refunds are going towards include rent. Yeah,
that's a pretty Big One groceries. Yeah, pretty big one

(01:04):
paying down credit card debt. That is nice. He's nice
to take a big old chunk of debt or like
student loans or car paying whatever it is. Home repairs
came in last sure. Kay. They say the average refund
this year is over twenty three hundred and a third
of those polls got more money back this year than last.

Speaker 2 (01:20):
Which I will, I will if I when I get it.

Speaker 1 (01:23):
That's good. For the twenty eight percent we got less
back this year is because they lost work or they
moved in a higher tax bracket, which I guess kind
of the good news bad news the higher tax bracket
making more money, you got to pay more taxes.

Speaker 2 (01:36):
Yeah.

Speaker 1 (01:36):
Yeah. Over all, they say sixty two percent feel happy
and surprise by the refund they received.

Speaker 2 (01:41):
So that's good.

Speaker 1 (01:42):
Yeah, love know where you fall. Nine ninety three three
eighth texts in turn Johnny Morning Show intern John in
your Morning Show, That's true on iHeartRadio
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