Tax Returns

NRF has been conducting its annual Tax Returns Survey since 2007 to gauge consumer spending and saving behavior related to U.S. income tax returns.

Person signing document
 
Consumers using tax refunds to pay down debt

More Americans than ever planned to hold on to their tax refunds in 2018 rather than spending the money they get from the IRS. Of the 65 percent of taxpayers expecting a refund, 49 percent said they will put it into savings. 

 
1
Getting a head start
By the end of January, nearly 30 percent of survey respondents had filed their taxes.

More on consumer trends

NRF study says more online shoppers want free shipping
 
NRF study says more online shoppers want free shipping
Read more
Consumer View Winter 2019
 
How retailers’ strategies around technology, fulfillment and store experience played out over the past year.
Read more
The state of retail heading into 2019
 
Episode 96 of Retail Gets Real: NRF President and CEO Matthew Shay reflects on the year.
Read more
November retail sales increase 5 percent over 2017, putting holiday spending on track to meet NRF forecast
 
November retail sales were up 0.7 percent from October and 5 percent year over year, on track with NRF's forecast.
Read more
NRF survey says more than 164 million consumers plan to shop over five-day Thanksgiving weekend
 
Black Friday remains the busiest day of the weekend, with 71 percent planning to shop that day.
Read more
5 things to know about discounts this holiday season
 
5 retail sales and promotions trends leading up to Thanksgiving weekend.
Read more