How to Turn Your Tax Refund Into $250 a Month All Year Long

Key Takeaways Though a tax refund feels like a welcome bonus, it generally reflects money you could have received in paychecks throughout the year. Based on the average tax refund, adjusting your withholding could add about $250 a month to your budget for bills, saving, or spending. Changing your withholding isn’t permanent—you can modify it again if your situation changes or you decide you still want to receive a refund. In a typical year, over 100 million U.S. tax filers receive a refund—and the ...