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I didn’t receive a tax refund this year. But in years where I do get money back, I normally add cash to my sinking funds, treat myself to an expensive retail purchase like designer sneakers and pay off my annual credit card fees that total about $700. The latter can really sneak up on me after a year of enjoying the perks of a travel rewards credit card.
Any additional leftover cash from my tax refund is usually put into the stock market via my brokerage account. But that wasn’t an option this year.