20 Best Things to Buy With Your Tax Refund


View as:

Uncle Sam's arm comes through mailbox to give/take tax refund
Photo credit: Jim Barber/shutterstock


Tax time can cause headaches, but the strain usually pays off. The Internal Revenue Service estimates that more than 7 out of 10 taxpayers will get a refund in 2018. The average refund, as of March 16, is $2,960. That's a lot of money, and it's tempting to blow it all on the spot. But stop and count to 10. You worked hard to earn that amount, and prudence calls for a thoughtful spending plan.

Photo credit: wavebreakmedia/shutterstock


Remodeling an entire kitchen can easily cost more than $10,000, but smaller DIY project can make the space feel like new and cost much less. Replace the countertops or flooring, repaint the room, or install new sink and cabinet hardware.

digital thermostat on white wall
Photo credit: topseller/shutterstock


A programmable thermostat is unlikely to eat up an entire refund, and it can more than pay for itself in relatively short order. The federal government's Energy Star program estimates that you can save more than $180 a year by setting the thermostat to raise or lower the temperature automatically while you're sleeping or away from home.

hiking shoes
Photo credit: Nikitin Victor/shutterstock


With warm weather on the horizon, it's time to hit the trails and enjoy some fresh air. Whether you're a runner or hiker, a new pair of high-quality shoes or boots can last for years. Proper footwear also protects against injury, making it well worth the money.

Photo credit: K. Miri Photography/shutterstock


You spend hours every day lying in bed, so it's worth every penny to have a mattress that's comfortable. A tax refund is an opportunity to invest in something that will pay dividends every night.

made up bed
Photo credit: Sirikunkrittaphuk/shutterstock


Speaking of beds, have you bought bedding recently? A soft but breathable set of sheets will work well for the upcoming warm months. But don't get tricked into thinking a high thread count is always best. Going above 400 may be a waste of money, according to a study by Consumer Reports.

beautiful beach in Belize
Photo credit: Simon Dannhauer/shutterstock


It's hard to find a better way to spend money than on new experiences. Studies show that experiences and the anticipation leading up to them result in more "happiness" than physical products. Use a tax refund to get out of town and enjoy a nice vacation.

woman in bath tub touching her hands
Photo credit: puhhha/shutterstock


If a vacation isn't in the cards right now, set your sights on a pleasurable or fun-filled local experience. Spend some of that wad on a "staycation" and enjoy a spa day, an overnight at a cozy bed and breakfast, or a weekend camping trip.

Asian baby playing education toy on white back ground isolated
Photo credit: ANURAK PONGPATIMET/shutterstock


Educational toys keep children entertained while stimulating their minds, a win-win. The Oppenheim Toy Portfolio awards, Parents' Choice Awards, and several other organizations point to the top toys. For older kids, even a laptop or tablet would be covered by the average refund.

woman wearing apron and holding cleaning supplies
Photo credit: MsMaria/shutterstock


A tax refund can buy time, if you know how to spend it. For example, hire someone to clean the house for about $20 an hour. With a $2,960 refund, that's 148 hours of work, more than two and a half hours every week.

construction worker fixing the window in a new house
Photo credit: wavebreakmedia/shutterstock


Replacing just one or two windows won't do too much, but refitting a house with double-pane windows can decrease the amount of energy consumed by 18 percent to 24 percent year-round, according to HomeAdvisor. Prepare for the summer and buy solar shades for even more efficiency and comfort.

plastic vacuum sealer
Photo credit: Patricia Soon/shutterstock


Vacuum sealers preserve food by sealing it in plastic bags. The Natural Resources Defense Council reports that the average family of four throws away about $1,500 in food a year. Imagine being able to save that money -- and enjoy leftovers.

set of light bulbs
Photo credit: Roman Samokhin/shutterstock


LED technology has advanced over the past few years, and today's LED light bulbs offer the same warm glow of incandescent bulbs but use a fraction of the energy. Many LED bulbs pay for themselves within 18 months and go on to save money for decades more. Some are even remote controlled and dimmable, or can change colors.

picnic lunch outdoors in a nice field
Photo credit: mikeledray/shutterstock


Get ready for fun in the sun with a new picnic basket, blanket, and cooler. Free concerts and activities run throughout the summer, and buying supplies now leaves one less expense to worry about later.

antique luxury bathroom in an old house
Photo credit: Iriana Shiyan/shutterstock


A bathroom remodel can cost a lot -- but replacing one or two pieces instead is an affordable way to give the space a facelift. Buy a new toilet or sink, or replace or cover up the floor and shower surfaces to get the most bang for your buck.

five wires plugged into electric power bar
Photo credit: Elena Elisseeva/shutterstock


"Vampire drain," the energy used by electronics when they're powered off but still plugged in, costs every American household about $165 annually, according to the NRDC. Smart power strips help eliminate vampire drain with on/off switches and by automatically turning off.

house plant
Photo credit: Bayanova Svetlana/shutterstock


A bit of greenery in the home has numerous benefits -- they improve air quality, happiness, sense of satisfaction, and overall emotional health. In the office, plants have a positive effect on employee productivity. If you don't have a green thumb, start simple with succulents or air plants and make your way up to more traditional houseplants.

chest of drawers
Photo credit: Serg64/shutterstock


If the garage or closet, or both, are a mess, spend some money and time to get things organized. Buy shelving units, storage boxes, and whatever else is needed to keep everything in its place.

house with nice lawn and garden
Photo credit: karamysh/shutterstock


Put a smile on your face every time you come home by using your tax refund to upgrade the porch or landscape the space in front of the house. A door, bench, shoe shelf, shrubs, or small tree can make a big difference.

female seller assistant helps woman to choose washing machine in home appliance place
Photo credit: Dmitry Kalinovsky/shutterstock


Not only is a new appliance a welcome upgrade, but it pays dividends over the long term. A new refrigerator can save more than $50 a year over a 15-year-old model, and a washing machine can save about $175 a year on energy costs.

hands toasting holding cocktails
Photo credit: Sergey Nivens/shutterstock


A Harvard University study found that there is indeed a way to buy happiness: Give away your money. Buy the next round of drinks for friends or find a cause you believe in and use some of the tax refund to give back to the community, writ large or small.

Cheapism.com participates in affiliate marketing programs, which means we may earn a commission if you choose to purchase a product through a link on our site. This helps support our work and does not influence editorial content.