How the Stock Market Could Turn Your Tax Refund Into $50,000
Tax season can be a stressful time of year, but it also means your refund is on the way.
For many people, tax refunds are best put toward essential expenses, like paying off everyday bills, reducing debt, or building an emergency fund. However, if you're in good shape financially and can afford to spend your refund elsewhere, investing it could be a smart move.
The average tax refund in 2021 came out to $2,827, according to the IRS. If you were to invest that money, it's possible to grow that refund to roughly $50,000 or more over time. Here's how.
Source Fool.com
