A new Deseret News/Hinckley Institute of Politics poll found 76% of Utahns want to get rid of the state's share of the food tax
SALT LAKE CITY — As of the end of April, the IRS reports it has returned almost $255 billion in overpaid taxes to almost 92 million U.S. workers for the 2022 tax year.
A new Deseret News/Hinckley Institute of Politics poll asked Utah voters who were expecting returns this year how they planned to put the money to use and, while the responses were varied, one category easily outpaced all others. Interestingly, while Utahns are carrying credit card debt that puts the state in the lower half of the nation at $5,600 per credit card holder on average, according to Experian, Utahns rank in the top five in the country at $64,567 per person for overall outstanding debt, per data collected by Credit Karma.
"We're really lucky to have an apartment that's very inexpensive and we don't have a ton of debt," Roberts said. "But, with prices where they are in our area right now we don't expect to find a place we can afford anytime soon." "Think of every dollar you pay down as a guaranteed, tax-free return of whatever your interest rate happens to be," Rossman said in Bankrate's analysis of tax refund data. "Increasing your savings is an important, and related, priority as well.
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