Not everything is quite back to how things were pre-COVID, but filing taxes seems to be getting closer to how it was before the pandemic. The filing system this year looks more like 2019 and before, than in 2020 and even 2021.

While early taxpayers may already have their refund in hand, some are still waiting to receive it (or even file it before the April 15 deadline). Those with the Earned Income Tax Credit or Child Tax Credit might have a month-long wait period while the IRS confirms their eligibility.

What to do with your 2022 tax refund
Maybe you have already filed your taxes, or you are waiting until the last possible second; either way, if you received or plan to receive a tax return, now might be a suitable time to think about what you’re going to do with it. Save or splurge? There’s no wrong answer, but here are some of the smartest uses for your 2022 tax return, according to TurboTax:

Create an emergency fund – Give yourself a little breathing room by starting or adding to an emergency fund with your tax return money. You never know when or even if you are going to need it but having it to fall back on will give you peace of mind.

Pay off debt – It is not the most exciting option but using your tax return to pay down debt will leave you breathing easier and feeling accomplished all at once.

Save for college – Use your tax return money to start saving for your kids’ or grandkids’ futures: Seed their college fund by setting up a 529 plan to help them afford rising education costs.

Invest in the stock market – Although a riskier option, if you do not have an immediate need for your tax return money, investing it could see a greater return long term. Pick individual stocks or choose an index fund that moves up and down with the market.

Start a business or take your career to the next level – Use the money from your tax return to start a business or invest in your career by paying for classes or special training.

Make renovations to your home – Whether you have repairs you have been putting off or renovations you would like to make, your tax return money is a good place to start.

Checking Accounts

Premium Perks

Freedom Checking

CashBack Checking

Direct Deposit

More

Savings Accounts

Savings Accounts

Super Saver

Money Market

h

Certificates

HSA

Cards

Debit Card

Low Rate Credit Card

Rewards Credit Card

CU Rewards

Card Controls

Tools

Mobile Deposit

Online Banking

Pay Someone

eAlerts

Compare Rates

Vehicle Loans

Auto Loans

Refinance Your Car

Motorcycle & Jet Ski Loans

Boat & RV Loans

Mortgage & Home Loans

Mortgages

Refinance Your House

Home Equity Loans

Construction Loans

Personal

Personal Loans

,

StretchPay Loans

Student Loans

Credit Cards

Tools

Apply for a Loan

Pay a Loan

Online Bill Pay

Chat With Us

Financial Planning

Investments

i

Estate Planning

401(k) Rollover

Retirement Planning

Day Air Insurance

Auto Insurance

Home Insurance

Identity Theft Protection

Life Insurance

More Products & Services

RetireMEDiQ

Financial Counseling

Credit Reports

Reorder Checks

More

Online Banking

Online Banking

Online Bill Pay

Login to Online Banking

Mobile Banking

Mobile Banking

Mobile Deposit

Pay Someone

Text Banking

Tools

Apply for a Loan

Pay a Loan

eAlerts

Mobile Pay

Chat With Us

Accounts

Business Checking

Business Savings

Business Certificates

Cards

Business Debit Card

Business Credit Card

Loans

Commercial Loans

Term Loans

PPP Loans

Line of Credit

Services

Business Bill Pay

Tools

Online Business Banking

Login to Business Banking

Login to PIB MLO

Business Banking App

Join Day Air

Why Choose Day Air

Membership Eligibility

Annual Member Savings

Compare Rates

Join Day Air

Community

Community Involvement

Financial Education

Dayton VA Medical Center

Dayton Dragons

Contests & Sweepstakes

About

Press & News

Newsletters & Reports

Videos

Careers

Helpful Resources