How To Spend Tax Money: IRS Refunds Tips To Use It Wisely And Responsibly

This article originally appeared on the Motley Fool.

Though it's too early to say what the typical refund will look like for the 2016 tax year, the average American last year received $2,860 back from the IRS. Getting a refund is actually a negative thing, as it means having lost out on more of your money up front. But if you  are  expecting an influx of cash, here's how you can put it to good use.