How will you spend your tax refund? Most Americans will use it for this

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Debt is listed as the number one item people spend their tax refund on.

That is according to a study by GoBankingrates.

27% of people plan to use their refund to pay off debt.

The other top priorities are saving and investing.

Last year the average was refund was more than $2800 dollars, acccording to the Internal Revenue Service.

The IRS says it will process returns as planned, despite the government shutdown.

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